The high percentage of marriages that end in divorce has created a new trend; many men are planning financially for their divorce before they even get married.
A recent survey conducted by the Indiana Family Institute (IFI) found that 79% of men who are engaged to be married worry that their marriage will end in divorce and they will be ruined financially. As a result, more than half of these men admitted to setting up secret nest eggs in case their fears become reality.
“Some people believe this is the height of pessimism, but to me it makes perfect sense,” says Dr. Phillip Haus, director of the study, “Many of these men are professionals who have worked hard for their success and don’t want to start from scratch if the woman they marry turns out to be a total witch to live with.”
Haus says the most common way engaged men plan for the worst is by setting up a savings account in the name of a relative they trust who has had a long, sound marriage so their funds will be safe. This way once the joint assets are divided after a divorce, they will have a little something extra to fall back on.
“Let’s face it,” added Haus, “The man is the one who almost always get screwed over when a divorce occurs. Even though he usually made more money than the woman in the marriage, he loses the house, and ends up paying child support since the woman will get custody of their offspring. This new trend just provides him with a little insurance so he can enjoy a decent standard of living.”
Some men go to even greater lengths to secure their futures. “We had a few cases where engaged men told us they gave a good portion of their belongings to friends or relatives for safe keeping. One man admitted buying a house in his gay cousin’s name so he would have a place to live if things didn’t work out. This shows the sad state of relationships and the impact of divorce in this country.”
Haus believes the trend of setting up divorce nest eggs will continue. “As long as there is divorce, there will be people trying to beat the system.”