‘Gray divorce’ and the risk to your retirement savings
On behalf of Stange Law Firm, PC posted in Divorce on Friday, October 31, 2014. As society changes, so do its family law trends. A lot of research in recent years has analyzed divorce rates among various groups of Americans. Through analysis of demographic data and other sources, an interesting trend has emerged. As of 2010, about one in four divorcees was age 50 or older. “Gray divorce” is the term coined to describe the phenomenon of couples who dissolve their marriage later in life. There are many factors contributing to the trend, including longer average life expectancy, more dual-income households and a decreasing