The concept describes a situation where the combined financial obligations of a married couple are so significant that the costs and complexities of separating these debts during a divorce become a major deterrent to ending the marriage. For example, a couple might jointly hold a large mortgage, substantial credit card debt, and business loans. Dividing these obligations equitably, or even managing them independently post-divorce, may present insurmountable financial challenges for both parties.
This circumstance highlights the significant impact finances have on marital decisions. The burden of extensive shared debt can act as a powerful constraint, overriding personal desires for separation due to the anticipated economic hardship. Historically, societal pressures and legal frameworks around divorce also played a role in keeping marriages intact, but increasingly, financial considerations, particularly those related to debt, are a key factor. Recognizing this dynamic is critical for understanding contemporary family law and financial planning.
