Researchers with the Pew Research Center note that those 50 years of age or older are getting divorced at double the rate now than what they were in the 1990s. While many would argue that this increase in divorce rates among seniors has to do with the fact that these individuals are living longer than previous generations, this isn't the only explanation for this increase.
Marriages end in divorce for an infinite number of reasons and it's usually impossible to precisely put your finger on the exact cause of a particular divorce. That being said, marriages often follow a slow period of decline that progresses from unresolved conflicts to emotional disengagement to decreasing levels of affection to a complete cessation of intimate, sexual contact.
Divorce could affect the amount of your Social Security retirement benefits. In fact, this is a primary concern of many spouses who choose to go their separate ways in their later years.
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".