Thursday, July 3, 2014

Gray Divorce

From New York Times:

The divorce rate in the United States among people 50 or older has doubled since 1990, according to a study by the National Center for Family and Marriage Research at Bowling Green State University in Ohio. And as the American population steadily ages, gray divorces will keep rising: By 2030, it is estimated that 800,000 will occur annually.

Besides causing depression and dashing dreams, these divorces can sabotage retirement plans as assets are cut in half and expenses as a divorced single rise. For some older people, emerging from divorce with retirement plans intact can be challenging.

Read more here.

MR

Hat Tip: Naomi Cahn

http://lawprofessors.typepad.com/family_law/2014/07/gray-divorce.html

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