Once it was seen as a blessing in certain circles to have a wealthy, powerful partner who would leave you alone with the credit card while he was busy brokering deals. Now, many Wall Street wives, girlfriends and, increasingly, exes, are living the curse of cutbacks in nanny hours and reservations at chic restaurants like Masa or Megu. And that credit card? Canceled.
Raoul Felder, the New York celebrity divorce lawyer, said that cases involving financiers always stack up as the economy starts to slip, because layoffs and shrinking bonuses place stress on relationships - and, he said, because "there aren't funds or time for mistresses any more."
....Harriet Pappenheim, a psychotherapist who wrote "For Richer or Poorer," a 2006 book on money in marriage, said that the repercussions could be acute for Wall Street wunderkinder who define their identities through their job titles and the size of their bonuses.
"It's a big blow to their egos and to their self-esteem," she said of the endless stream of economic bad news, "and they may take it out on their partners and children."