Minority Women More Vulnerable Victims of Husbands who Commit "Financial Infidelity"

Experts in the field of family law report an increase in divorces due to a new trend labeled "financial infidelity." 

It refers to the act of one spouse overspending family money without the other's knowledge.

Such is the case of Carla Cordoba, a Hispanic woman, who told us she went through an ordeal when her husband's love for poker turned into an addiction, and she failed to see the signs of his overspending the family money.

His "financial infidelity" led him to conceal the use and abuse of family funds. Over the course of six months, his gambling at various local casinos, as well as, via the internet depleted $80,000 from the family's savings.

Though bank and credit card statements were sent on a monthly basis to the home, Carla neglected to read them. Her failure to participate in the home finances contributed to the problem.

A family law specialist said, "I see more cases of divorce caused by financial infidelity than I do from sexual infidelity. Spouses are trained to look for the proverbial 'lipstick on the collar,' but it doesn't occur to most people to check periodically to make sure their spouse hasn't cashed out the 401(k) to play the ponies."

Click Here to Continue Reading...

Source: Ana-Luisa Gallo, LatinaLista.net