Sunday, December 10, 2023

Gray Divorce Initiated By Women

From MarketWatch:

Despite the risk of taking a hefty financial hit, more older women than men initiate divorce, often finding they weigh happiness and independence over money.

Women initiate divorce at age 50 and older – also known as gray divorce — in 66% of cases, according to research by AARP.

“We’re seeing more women choosing to get divorced later. In the majority of cases, women are driving the divorce decision,” said Susan Hirshman, director of wealth management for Schwab Wealth Advisory and the Schwab Center for Financial Research.

Read more here.

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