While divorce rates have stabilized for most age groups, they have actually surged for spouses 50 and over. In a recent study, it was estimated that 25 percent of all divorces were gray (involved people 50 and older). While part of the reason for the dramatic increase is because the Baby Boomers are aging, there may be some societal factors as well. California couples may want to pay attention to these trends.
Many parents in California have concerns about how they will be able to contribute financially to their children's college expenses. For parents who are going through a divorce, those concerns may be compounded by the impact that the process can have on their finances.
Divorce can cost a California couple $15,000 or more. Increasingly, couples are looking at ways to keep these costs down as well as help ensure their own financial stability after divorce. Using a financial planner and negotiating a divorce settlement instead of fighting over property in litigation may be one way to do this.
Grey divorces are on the rise and have many of us wondering why. Couples who are over the age of 50 are suddenly packing up and parting ways, moving onto a new chapter of their life. But, it hasn’t always been that way. In the past 25 years, the divorce rate for those who are 50 or older has nearly doubled, according to a Pew Research study.
Traditional gender roles may play a part on the road to divorce for many couples in California. While many marriages begin on an equal footing in terms of household responsibilities and career advancement, many other couples assume that husbands and wives will follow traditional roles. While each type of marriage may be successful, shifting roles can cause uncomfortable change that could eventually lead to divorce.
Fewer California marriages may start with the couple in traditional roles than in the past, and a study by Swedish researchers says that these equal marriages could be more solid than traditional ones. Problems may arise in more traditional arrangements when change happens. The study found that when women made no money or less than half of their husbands' salaries at the beginning of the marriage and then transitioned to earn as much or more than their husbands, these couples were more likely to divorce than married people who were on equal footing from the start.