42% Men Take Loans For Alimony While Women Get Huge Post-Divorce Financial Support: Survey

Approximately 42% of men took loans for divorce proceedings or alimony in India, a new study by 1 Finance Magazine found, opening eyes to how the practice impacts men and women. While the mental and emotional toll of divorce is acknowledged, the survey has revealed that the financial toll, which is often overlooked, is also to be discussed.

The survey found that the costs of divorce can be significant, with 49% of men reporting spending over Rs 5 lakh, compared to 19% of women. Nearly 42% of men took loans to cover alimony or legal proceedings, and 29% reported negative net worth after paying alimony. On average, 38% of a male’s annual income went toward maintenance, the report said. It also noted that 67% of couples frequently argued about finances.

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However, noting that the women often faced career disruptions, the survey observed that both genders incurred substantial costs during the divorce process.

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Divorces are becoming too mainstream in Tier 1/2 India We took 6 months to survey 1,258 people to know the impact of a divorce on finances. The survey pointed out that 23% relocated to a different city while 16% reduced intensity of work, and 30% left their job. Notably, husbands took entire responsibility of expenses after marriage in 43% cases.

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