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If one is the loneliest number, maybe that’s why the first month of the year is the month for going solo—getting divorced, that is.

Odd as it may sound, according to a Marketwatch report, this is the month when divorce rates surge, with people in search of a fresh start filing to shed their mates. And ironically, that’s probably going to put them in a big financial hole to start the new year—although a Fidelity study says it doesn’t necessarily have to be as financially crippling—or as financially stressful—as it might appear.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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