In 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.