After throughly extracting, cleaning, and creating variables in Stata using data gathered from the 2019 American Community Survey, the effects of income on divorce were initially counterintuitive to popular belief: as income increases, likelihood of divorce, given an individual has been married, decreases. After readjusting the dataset, it was shown that the two tail ends of the dataset, that is the poor and the ultra-rich, are the most at-risk of divorce, once they've married. There seems to be a "safe-area" of income between $300k-$400k, where risk of divorce seems lowest, however, the risk quickly becomes higher the further you move away from this area. Given the fact that the average income in this dataset was $38,000, and the fact that the risk of divorce is around 34%, it seems that the common trend is that as Americans gain more income, beyond the average income of $38,000, their risk of divorce becomes lower, but quickly becomes higher when Americans start gaining upwards of $400K.
Effects of income on likelihood of divorce, given respondent has been married.
*Income measured in $10,000