In recent years, divorce rates have seen a steady and continued increase. On top of that, certain demographics within this category see many changes, too. At the top of the list is the “grey divorcee” demographic, which accounts for all couples over 50 years of age.
Why is gray divorce on the rise? Do gray divorcees face any unique hurdles? What else should you know about gray divorce in general?
The rise of gray divorce
Business Insider discusses what you should know about the phenomenon of gray divorce. Many believe it is a natural progression of the societal view of divorce. When a 50+ year old couple got married, things likely looked much different. In fact, child custody battles were essentially unheard of until the 1970s. Many divorced couples suffered through tarnished reputations. Divorced women in particular often dealt with public ridicule and shunning.
These days, divorce holds much less impact on your life and reputation. Not only that, but the average lifespan of Americans continues to increase. Age 50 is no longer considered “elderly”. Many couples divorce at age 50 and successfully end up remarried.
Hurdles of divorcing in later life
Despite this, gray divorcees do face unique hurdles. In particular, it is hard to get back on your feet after spending decades financially codependent with someone else. Retirement funds and plans can also prove tricky to work with. You must have a solid idea of how you will financially support yourself and what your future will look like without your current divorce plans.
This is also why it helps to have a legal expert on your side. They can help you decide how to approach a gray divorce while providing the most stable future for yourself.