Older couples account for a quarter of all divorces
The number of U.S. couples choosing to divorce later in life has risen by more than 50 per cent since 1990 according to a recently-published report. Now, 25 per cent of all divorces involve couples aged over 50, and the number of couples aged over 65 who divorce has tripled. The rationale for this change in demographic may strike a chord with older married residents in Hertfordshire and includes financial considerations as well as the fact that the number of people over the age of 50 has increased as the baby boomer generation of the 1950s and 1960s has aged.
A lack of equality at home is allegedly reflected in the fact that 69 per cent of divorces are initiated by the wives who are tired of performing a greater share of the household and child care tasks in the relationship. At the same time, with more women working full-time jobs, they are less likely to be put off by the financial consequences of separating from their partners. As life spans increase with better health care, people are less inclined to put up with unhappy marriages.
The report also pointed out that 59 per cent of people over 50 who divorced had been married before, and the pressures of coping with the families of those previous marriages was one reason that second marriages ended sooner than the first ones. In addition, the number of potential partners is smaller when remarrying later in life, potentially leading to less suitable second marriages.
Older couples who are seeking a divorce may be faced with some unique challenges as there is less time for them to recover financially after the separation. A solicitor familiar with complex asset division may be able to advise a client regarding marital assets such as the family home or the legal rights regarding a spouse’s pension pot.
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