City workers worried about divorce

The credit crunch is leading an increasing number of wives of high-paid City workers to seek divorces, new research has shown.

Bankers and hedge-fund managers alike are finding their wives are seeking a divorce and one in ten was worried that their spouse may be ready to split.

Research commissioned by Sandra Davis, a partner at Mishcon de Reya, found that 13 per cent were concerned about the impact a marriage break-up could have on their finances.

Ms Davis said most concern was among those who had been married for between three and seven years.

Those who had been married for fewer years said that they were still in the honeymoon or felt their wives had not had time to get used to the high-flying lifestyle.

The research comes on the back of several high-profile divorce cases, including Heather Mills and Sir Paul McCartney, but some marriages are remaining strong.

A total of 71 per cent of respondents said that they shared everything about their financial situation with their partner.

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Published on: July 11, 2008

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