Divorce After 50 – 5 Things to Consider

grey divorceIn 1990, about 2.8 percent of people seeking divorce were 50 years of age or older. By 2011, that number rose above 28 percent, or one in four people. Today, these divorce statistics continue to rise as baby boomers live longer. Sociologists call it a “grey or gray divorce,” and it has a significant impact on retirement, income and other important areas in your life.

If you’re over 50 and considering a divorce, keep a few things in mind before placing yourself in a stressful and financial hardship. read more

Baby Boomers and Divorce Rates: A Surprising New Trend

baby boomer divorceBaby Boomers and divorce is not typical when you think of divorcing couples.  Although many people look at older couples as being far more stable than the younger set, this isn’t always the case. In fact, married individuals who are over 50 are getting divorced at a much greater rate, which can leave many people wondering more about baby boomers and divorce and its many impacts.

How Common is “Grey Divorce?”

In 1990, it was estimated that only 10 percent of couples that were going through a divorce were 50 years old or older. This number has increased significantly over the last 20 years, however; in fact, a 2010 survey showed that this number has now increased to one-fourth, and Baby Boomer divorce doesn’t seem to be slowing down any time soon. read more