The “Grey” Divorce

According to the CDC, the divorce rate in the United States is 3.2 per 1,000 people.  The divorce rate has decreased by 18% between 2008 and 2016.    

Millennials

The decline in the divorce rate is said to be as a result of millennials delaying marriage until they have completed their education, have established their careers and have solid finances or choosing to live together rather than tying the knot.

Baby Boomers

While there is a decline in divorce among millennials, baby boomers divorcing have skyrocketed.  Since 1990, the divorce rate has doubled for those over 50 and for those over 65 the rates have tripled. 

With an older population divorcing brings unique economic and social concerns.  Persons 65 or older that are also low income couples need 79 percent of a two-income person household.  A divorced woman over the age 65 can be particularly vulnerable because they are 80 percent more likely to live in poverty. 

Loneliness is another concern for one or both of the parties in an older divorce.  Losing the former community the couple shared can be devastating especially for seniors who are already susceptible to losing close friends and loved ones due to death or relocation. 

Divorce is a life altering event therefore, hiring an experienced family law attorney is always recommended.  Please call Theresa Spearing at Douglas, Leonard & Garvey to assist you at 1-800-240-1988 or fill out our online contact form.

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