It’s common wisdom that debt and financial disagreements lead to divorce. That may not be true after all and partnered to ask Americans how divorce impacts their finances. After surveying nearly 800 divorcees, we’ve determined that debt and financial disagreements can certainly lead to unhappiness in marriage – but it’s not why most break their vows.

Full survey results are below…

Most survey respondents told us that debt and financial difficulties were not a factor in their divorce.


ResponsePercentage of Respondents
Strongly Disagree26.01%
Somewhat Disagree12.12%
Somewhat Agree24.24%
Strongly Agree8.21%


All respondents to our survey told us they took on debt following their divorce – and the majority (40%) said it was more than $5,000.


ResponsePercentage of Respondents
More than $5,00039.90%
Less than $1,00029.42%
Between $1,000 and $5,00030.68%


When asked if they took on sole responsibility for a shared debt following divorce, respondents were near-split. Most respondents (57%) didn’t – but close to half (43%) did.


ResponsePercentage of Respondents


Most respondents (38%) said their credit score dropped more than 50 points.


ResponsePercentage of Respondents
Decreased more than 50 points37.75%
I don’t know29.67%
My credit score was unaffected by my divorce16.54%
Decreased 50 points or less10.35%
Increased more than 50 points4.04%
Increased 50 points or less1.64%


Most divorced respondents told us they “never considered separation” rather than filing for divorce.


ResponsePercentage of Respondents

Methodology: and surveyed 2,700 Americans through online platform SurveyMonkey between Nov. 1, 2019 and Dec. 29, 2019 – but only sourced data from about 800 Americans who have been through a divorce. is a personal finance website affiliated with Wise Publishing headquartered in Toronto Canada.