Divorce Day 2024: Only 7% would see a financial adviser during divorce

People are also delaying divorces due to cost of living pressures

Isabel Baxter
clock • 4 min read

Only 7% of people will consult a financial adviser as part of their divorce, Legal & General has found.

The firm's new research to mark Divorce Day (2 January) found that 272,000 people (13%) have delayed their divorce due to cost-of-living pressures. It also found that money played a role in many people's decision to delay separating, but particularly with divorces that have happened since 2020 - among recent divorces 19% delayed due to financial reasons. Despite holding off due to the high cost, nearly half of people who divorce (48%) see their incomes shrink by an average of 31% in the year after their separation. This can leave someone with £9,700 less a year on average. Divorces...

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