Later this month (August 14), it’s National...
Divorce After 50: The Phenomenon of Gray Divorce
As people live longer, and more independently, it’s no wonder we’re seeing a trend of rising divorce rates for Americans older than 50.
It used to be that once a couple passed several decades together, they were in it until the end. Not so anymore. Today, a marriage that lasts 20 years can be considered a success, even if it ends and the parties go their separate ways.
The trend of divorcing after age 50, known as Gray Divorce, has been growing for some time now. While Americans are divorcing less than they did in the 1980s and 1990s, (in fact, overall divorce rates are at a 40-year low!), the number of people ending marriages after age 50 has doubled since 1990, according to the National Center for Health Statistics, and the U.S. Census Bureau.
Fully, one-quarter of all American divorces today involve couples older than 50!!
Of course, it’s never easy to dissolve a marriage, no less one that has existed for decades! You’ve accumulated stuff, emotions, relationships, and property, and dismantling that union takes time and effort.
In a Collaborative Divorce, therapists and other professionals can help you work through any issues or feelings that arise. They may also make recommendations for your adult children, should they need or want to work through their own feelings about your breakup.
One of the biggest issues facing Gray Divorce is the financial impact of what can be considerable assets accumulated over time. The older a couple is, the more time they’ve had to save for retirement, buy property, acquire investments, and more. Financial experts can help inventory the marital assets and guide the equitable division based on a variety of factors.
While it can be a rude awakening to divorce after decades of marriage and bring all the expected loneliness and sadness that a split can generate, it’s not all bad when divorcing later in life. Here are some ways to see a silver lining in your split.