Thursday, June 26, 2008

Article: Manimony A Rising Trend

Definition: Manimony
"Money paid from the female spouse to the male spouse after legal separation or divorce as a result of the female making more money than her husband."

(CBS) As women out-earn their husbands in the workplace, many find they are footing the bill in divorce as well -- supporting their ex-spouses with alimony payments. Manimony is the new term for a growing trend.

When Jennifer Lopez and Cris Judd split after eight months of marriage, she paid him $14 million. Britney Spears picked up the tab for K-Fed's divorce attorney and then added another million for spousal support. Tom Arnold walked away from his marriage to Roseanne Barr with a cool $50 million.

"When the women are the breadwinners and have the bigger bank accounts, they can expect in an unhappy divorce for the husband to go straight for the checkbook," says Jeanne Wolf, West Coast editor of Parade magazine.

It's not just Hollywood wives who are paying alimony, or, manimony as it is being called. Women are now the top earners in a third of all marriages. [Read more...]

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