It is not easy to make the choice to move forward with divorce, no matter the age of the two parties. However, a divorce later in life can be more complex for various reasons, particularly financial reasons. Despite the complexity of the process of ending a marriage, many older Americans are choosing to file for a gray divorce.
A divorce between older couples, specifically people over the age of 50, is a gray divorce, and there are many Georgia couples closer to retirement age who are choosing to move forward with a gray divorce. There are many reasons for this, and it may be helpful for you to consider the reasons for this trend if you are considering this option for yourself.
Why are there so many gray divorces?
There are many reasons why the number of gray divorces is higher than the divorce rate for other demographics. People are living longer than ever, and some couples find that they do not want to remain together after their kids move out. Another reason could be the changing perceptions about divorce in that specific age group. Consider the following about gray divorce:
- The “baby boomer” generation is getting older, and one reason for the increase in gray divorce could simply be because there are more people age 50 and up in the United States than in the decades before.
- More people are living longer than their parents and the generations before them, and they may not want to remain in an unhappy marriage with much of their lives still before them.
- Many baby boomers have changing ideas about reasons for divorce and the importance of self-fulfillment.
- Other factors for the high numbers of divorces for older couples include reasons such as differing financial philosophies and different goals for retirement.
If you are considering divorce and you are over the age of 50, you would wise to consider how your choice could impact your retirement plans and other financial matters.
Protecting your future after divorce
No matter your age at the time you choose to divorce, you would be wise to consider how your choices will impact your future. Your divorce will impact your financial security, but it is possible to seek a final order that allows for stability and a certain continuity of lifestyle well into the future.
Before you make any important decisions regarding your gray divorce, you would be wise to seek a complete evaluation of your case and an explanation of the legal options available to you.