For the vast majority of people in the United States, divorce rates are falling. It’s simply less common for people to dissolve their marriages.
Some of this, naturally, is due to the rise in cohabitation. A lot of young couples opt to cohabitate and put off marriage entirely, when they may have rushed into a marriage in previous decades — and then gotten divorced. These couples have no need for divorce, so it becomes less common statistically.
However, there is one age group that is getting divorced more often: Those who are 50 years of age and older.
What are the reasons for this change?
There are numerous reasons for this shift, the first being that people in this age group have demonstrated that they support divorce in a way they did not before. Their attitude toward it has changed — along with that of society as a whole — and so they’ve embraced it in a new way. This suggests that many of these marriages may have ended sooner, had people held these views the entire time.
Another reason is the fact that second marriages, statistically, end in divorce more often. This means that a lot of people in this age bracket are more prone to divorce, as it is less common for someone in their 30s to already be in a second marriage. These divorce cases, coupled with long-term marriages that finally end when people are in their 50s and 60s, push the stats up.
Are you getting divorced?
If you and your partner are considering divorce, please note that gray divorce can be complex with elevated asset levels. It’s crucial that you understand all of the legal options you have as you move forward.