While the majority of divorcing couples decide to make the change while their children are still growing up, divorce after retirement is a trend that has increased in the last few years. Divorcing after retirement, otherwise known as "gray divorce" is seeing an upward trend for a number of reasons, including increased life expectancy and the shifting of social norms.
If you have adult children and were married before they were born, it is likely that your children had a stable and happy upbringing. While you will be proud of that, you may feel uneasy about making the decision to divorce after your children have grown up and left the house.
More than ever, couples are staying married while they are raising their children and then deciding to separate after those children are grown and out of the house. Retirement is often a catalyst for divorce as well, since many people realize that they want to spend their retirement years in a different way than their spouse does.
Raising children is one of the most difficult and rewarding accomplishments that any parents can make. While many parents do stay together until their kids have left home, the dynamic can change considerably when going from working and raising children to becoming retired and having an empty nest. This is why so many married couples consider divorce around this time.
When a couple is older, there's a better chance that they'll have a higher net worth than their younger counterparts. For this reason, so-called "grey divorces" tend to involve more money, assets and property. Divorcing seniors sometimes have retirement accounts, pensions, various real estate investments, art, antiques and other types of valuables -- all of which will need to be divided during their divorce proceedings.
If you're divorcing later in life, you must be especially prudent when deciding on your living accommodations post-divorce. Your initial reaction may be to fight for ownership and occupancy of the family home. But is that the wisest course?
Divorces are filed by married couples at all stages of their lives. However it is increasingly common for retired couples to decide to divorce. The fact that the divorce rate among couples over 50 has doubled in the last 20 years has sparked a phenomenon that is commonly referred to as "gray divorce".
It can be difficult, after many years of marriage, to decide on a divorce and all of the changes that come with it. However, if you are unhappy in your marriage, you may have simply come to the conclusion that life is just too short to not make the important changes that could possibly bring you long-term happiness.
Typically, a "gray divorce" is one in which you and your spouse are both over 50. Really, though, it refers to any divorce that happens later in life.
It is becoming increasingly common for couples to be contemplating divorce when they are reaching retirement age or are living in retirement. This is often due to the lifestyle changes that come about during retirement. Your priorities and expectations of what marriage means might change.