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Gray Divorce

All articles tagged with #gray divorce

finance1 year ago

"Rising 'Gray Divorce' Trends: Financial and Housing Challenges for Older Adults"

The rate of "gray divorce" among adults aged 50 and older has doubled since the 1990s, with women facing greater financial implications than men due to income drops and limited time to recover savings. Women can protect themselves by taking an active role in household finances, ensuring access to their own funds, strategically claiming Social Security, saving alimony, and considering legal agreements like prenuptial or postnuptial agreements.

via CNBC|
#finance#financial-risk#gray-divorce
sociology-and-relationships1 year ago

"Empty Nest, Empty Marriage: The Rise of Gray Divorce in America"

Divorce rates among middle-aged and older Americans have doubled and tripled, respectively, since 1990, while rates among young adults have dropped. Sociologist Brad Wilcox attributes the uptick in "gray divorce" to cultural shifts and individualistic attitudes among Baby Boomers, as well as the stage of life they are in. After their kids leave the nest, many couples prioritize their children over their marriage, leading to a decline in the quality of their relationship. This, combined with increased life expectancy and financial disputes, contributes to the "gray divorce" trend, which can have a devastating financial impact, particularly on women.

via Fox News|
#baby-boomers#financial-impact#gray-divorce
lifestyle2 years ago

"The Golden Bachelor Wedding: Lessons Learned and Conversations Sparked"

The marriage of 72-year-old widower Gerry Turner and 70-year-old widow Theresa Nist, who met on ABC's "The Golden Bachelor," has sparked conversations about gray divorce and its financial implications. Gray divorces, occurring after age 50, have been on the rise, particularly among the boomer generation, with one in four divorces involving individuals aged 65 or older. Financial issues take center stage in gray divorces, as older couples have less time to rebuild assets before retirement. Signing a prenup before marriage or a post-nup after marriage can help mitigate financial complications, and consulting with a knowledgeable divorce attorney is recommended due to the complex financial and tax implications involved.

via Forbes|
#financial-consequences#golden-bachelor#gray-divorce
society2 years ago

The Rise of Solo Baby Boomers: Exploring the Impact of 'Gray Divorce'

The number of older Americans living alone is on the rise, with nearly 16 million people aged 65 and older in the US living solo in 2022. One factor fueling this trend is the increase in divorce rates among adults over 50, known as "gray divorce." Financial difficulties after gray divorce are a concern, as many people see their standard of living drop significantly. Additionally, the growing number of older people living alone raises questions about who will care for them as they age. While some embrace living alone, others experience higher levels of loneliness, highlighting the need for better social services and housing options for aging Americans.

via CNN|
#aging-population#baby-boomers#gray-divorce