Wedding Debt - Family Law Legal Blogs Posted by Joseph E. Marvin - Lawyers.com

A recent survey from a major insurance company found that about 45% of couples fall into debt to cover wedding costs. It also found that about half of the studied couples, who were aged 18 to 53, considered getting a divorce because of this debt. Research showed that money was a major source of stress in these relationships. Couples in Minnesota who pay for a wedding on credit cards or other borrowed money can expect the issue to be a possible source of conflict during the marriage.

Married couples who didn’t go into debt to cover for wedding bills experienced much less conflict about money in their relationships. Only 20% of these couples said that they argued about wedding-related expenses. Only 9% of them said that they have contemplated divorce because of money problems. These lower rates of conflict suggest that couples who avoid wedding debt may have more well-thought financial objectives and responsibilities.

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Joseph E. Marvin

Licensed since 1978

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Joseph E. Marvin

Licensed since 1978

Member at firm Marvin Law Office, L.L.C.

AWARDS

Champion Badge Silver

RECENT POSTS

  • Family Law
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