Has there been an increase in Baby Boomer divorce rates? Although time and practice make many endeavors simpler, that is certainly not the case in many marriages. Likewise, those who experience divorce in later years may find that it is one of the things that seems to get more complicated, not less so, after years of marriage. With the recent decline in divorces in the past decade, it appears divorce is a less likely option for many; this is simply not true when it comes to older Americans, among whom divorce rates have nearly doubled in recent years. Statistics show that more than one in four divorces in this country, in fact, involve individuals aged 50+. If you are one of them, a local divorce attorney can help you sort through the difficulties ahead.
Reasons For Baby Boomer Divorce Rates
According to this Market Watch article, Baby Boomer divorce rates are skyrocketing. Many older Americans find that marriage simply no longer suits them, and they look for a fresh start through divorce. Grey divorce, as it is often called, occurs for a variety of reasons:
- The old classic: We have grown apart. Empty nesters often discover they no longer share common activities, goals, and dreams, making life together unsustainable.
- Financial woes: After years of irrational spending decisions and poor investing, one partner decides to call it quits, frustrated with the never-ending bills and the stress of debt.
- Aging at different rates: When one partner is no longer physically or mentally active, it can put a real strain on the relationship. When one partner chooses to let himself or herself deteriorate, it may become increasingly unpleasurable for the other to stick around.
- Sex: Different levels of sexual interest may lead one partner to look elsewhere for physical satisfaction.
Baby Boomers Have Decisions to be Made
When it comes to the point that grey divorce is the final option, it is important to keep a clear head while making decisions related to how the divorce unfolds. Grey divorce may involve several pertinent issues that should not be overlooked:
- Division of Property: After years together, it may be difficult to prove that particular items were the exclusive property of one partner prior to the marriage. Since California’s community property laws exclude personal property that one person held prior to the marriage, this could prove to be an important issue.
- Compensation: When considering issues related to spousal support, earnings are a key factor. It is crucial to consider all components of compensation, from the actual salary drawn, to stock options, travel incentives, bonuses, and other perks.
- Expected expenses for adult children: Issues such as tuition, marriage, and other significant responsibilities should be addressed in the divorce agreement.