Gray Divorce – Refocusing and Obtaining Experienced Legal Advice

gray divorce

Securing A Divorce Lawyer For Experienced Gray Divorce Advice

Extended Mortality Rates and Financial Independence Has Led to Dramatic Rise in ‘Gray Divorce’ Over the Last Decade

gray divorceThe number of “gray divorces” has increased dramatically over the last 10 years. These are divorces between couples over age 50 and often in a long-term marriage. Here is a link to read the first blog post I wrote about it in 2015. This increase certainly may have been influenced by the extended mortality rates, societal shifts with less stigma regarding divorcing, as well as women becoming more independent financially.

When I talk with folks who fall into this category, I hear similar explanations why they want to end their long-term marriage. Often, I hear that they stayed together primarily for the sake of their minor children. Now that they are “empty nesters” they feel “free” to move on with their life and focus on their own wants. The other reason I hear often is that the 2 have simply grown apart and really aren’t in love any more or that they were just going through the business/motions of a marriage because “that is what you do.”

In further discussion, it seems that … Read More... “Gray Divorce – Refocusing and Obtaining Experienced Legal Advice”

Divorce Rate Up for Older Women: The Financial Impact Divorcing Later in Life

divorce womenThe “golden years” may not be so “golden” for those couples who choose to part ways later in life.  According to researchers, even though divorce rates in general seem to be stabilizing, the divorce rate among the “baby boomer” generation continues to increase.

This trend is proving to have a disproportionately negative effect on women over 50.  Recent studies show that 1 in 5 women over 65 are still working.  This number is 2 times higher than it was in the 1980s.

Divorce Later In Life Proving Difficult Financially For Women Over 50

Compared to couples who split when they are young, divorcing later in life is proving to have severe, financial impacts on the older population, particularly women. In a recent study, Claudia Olivetti of Boston College and Dana Rotz of Mathematica Policy Research surveyed 56,000 women and found that in comparison to those who divorce at age 30, women age 50 and above are 10% more likely to be working full-time between the ages of 50-74. It appears that divorcing later in life is pushing these women back to work and is forcing them to delay retirement.

Besides the fact that divorcing later is causing the number … Read More... “Divorce Rate Up for Older Women: The Financial Impact Divorcing Later in Life”