The financial effects of divorce last almost a decade.

Research from the University of Canberra conducted with AMP as part of the Income and Wealth Reports has has found that the financial effect of a divorce lasts almost a decade. Young mothers in particular seem to experience the greatest financial burden from divorce. This is due, in part to the fact that younger couples have less assets, higher debt and financial contributions are more likely to affect financial splits in shorter marriages.

The Report also had notable findings on the impact of divorce on teenage and young adult educational outcomes. Even when you control for a variety of factors that affect educational attainment such as the level of education achieved by parents and socio-economic status, the research found that young adults that lived with divorced or separated parents were 6% more likely to be early school leavers and 6% less likely to get university qualification.