'Grey Divorces' On The Rise: Here's Why
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July 20 2024
'Grey Divorce' refers to the phenomenon where couples who are aged 50 and older decide to divorce
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The rate of divorce among older adults has been rising in recent decades. In the US, the divorce rate for those aged 50 and older has doubled since the 1990s
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Increased life expectancy means that people may spend more years in retirement and seek new paths or fulfillment, which can lead to divorce
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As children leave home, some couples find that their relationships no longer satisfy them, leading to divorce
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While divorce at any age was once stigmatized, this is less of an issue now. Many older adults are seeking happiness and fulfillment, regardless of societal expectations
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Emotional stress from divorce can affect physical health, but for some, the stress of staying in an unhappy marriage might also be detrimental to their well-being
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Many individuals who go through a grey divorce choose to remarry, and some even find that their second marriages are more successful
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Attitudes toward marriage and divorce have evolved, with more acceptance of divorce as a valid option for those seeking to improve their quality of life
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However, divorce later in life can have significant financial implications, including dividing retirement savings, which can impact both parties' financial stability
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Older couples may benefit from legal and mediation services tailored to their specific needs, such as those focusing on the division of retirement assets and spousal support
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