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Gray Divorce: A Financial Double Whammy For Women – Forbes

It’s surprisingly difficult to nail down precisely what the divorce rate in our country is. The prevailing belief is that about half of marriages end in divorce; however, statistics can be misleading. Some experts put the odds quite a bit lower, noting that divorce rates rose sharply in the 1970s and 1980s but have since declined and stabilized somewhat, particularly among people with college educations.On one point, though, social scientists and statisticians seem to agree: Even while declining overall, the divorce rate is actually on the rise among people over 50 years of age. The phenomenon is so common it has its own name—and the “gray divorce” rate actually doubled between 1990 and 2010. I’ll leave it to sociologists to speculate as to why Baby Boomers are divorcing in greater numbers than other age groups. From my professional standpoint as a divorce financial advisor who works exclusively with women, my concern about this trend is twofold:

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Source: Gray Divorce: A Financial Double Whammy For Women – Forbes