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.


Response Percentage of Respondents
Strongly Disagree 26.01%
Somewhat Disagree 12.12%
Disagree 22.98%
Somewhat Agree 24.24%
Agree 6.44%
Strongly Agree 8.21%


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.


Response Percentage of Respondents
More than $5,000 39.90%
Less than $1,000 29.42%
Between $1,000 and $5,000 30.68%


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.


Response Percentage of Respondents
No 56.57%
Yes 43.43%


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


Response Percentage of Respondents
Decreased more than 50 points 37.75%
I don’t know 29.67%
My credit score was unaffected by my divorce 16.54%
Decreased 50 points or less 10.35%
Increased more than 50 points 4.04%
Increased 50 points or less 1.64%


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


Response Percentage of Respondents
No 88.01%
Yes 11.99%

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.