San Francisco, CA (PRWEB) June 01, 2012
According to findings from the Pew Economic Mobility Project, around half of both genders suffer financially after a divorce, but the trend of women who financially profit is surpassing that of men. Historically, divorce has been kinder to the man involved, but the family law attorneys at San Francisco’s Heath-Newton, LLP are highlighting this study as substantive evidence that modern women face an optimistic future after a marital split. The reasons for this gender flip are multi-faceted, ranging from a narrowing income gap to more informed asset management.
The Pew Charitable Trust initiated the Pew Economic Mobility Project to study public ability to scale the income ladder over the course of a lifetime or multiple generations. Its findings aim to promote policy debate to improve long-term economic opportunities. The study’s research on divorce found that 20% of women will experience income gains of over 25% in the aftermath of a divorce, a figure that has nearly doubled in 20 years. In contrast, 16% of men see income gains after divorce, an increase of only 2% in 20 years.
In terms of income drops after divorce, women’s rates have slowed considerably, while men’s statistics have begun to climb. In the mid 1970’s, 63% of women and 30% of men dealt with income declines of at least 25% after divorce. That figure has narrowed to 49% of women and 47% of men today, reflecting the closing earning gap between genders.
In light of this Pew survey, Heath-Newton, LLP encourages both genders to consider prenuptial agreements, asset management and other personal strategies to protect their financial futures. The firm’s family law attorneys educate clients on their smartest options for individual and joint monetary planning with respect to marriages and legal partnerships.
About the company:
Heath-Newton, LLP is a San Francisco family law practice focused on families. These San Francisco divorce attorneys pride themselves on working with clients from all backgrounds and lifestyles. Heath-Newton, LLP specializes in premarital agreements (prenups), same-sex marriages and domestic partnerships, divorce, child support, spousal support, adoption, and child custody in San Francisco and the Bay Area.
For more information about asylum laws, or any family law matters, please contact San Francisco divorce attorneys Heath-Newton, LLP by calling (415) 992-5038, visiting their website at http://www.heathnewton.com, or stop by their office located at 240 Stockton Street, Suite 300 in San Francisco, California.