In May 2004, the AARP conducted a study titled the The Divorce Experience: A Study of Divorce at Midlife and Beyond.
Some of the findings consisted included:
Who initiates divorce in later life?
- 66% of female participants initiated divorce
- 41% of male participants initiated divorce
According to a Burlington County Times article from May 2014 - Researchers pointed to several factors for the growth in divorce among older adults, also called “gray divorces.” Baby boomers were the first generation to divorce and remarry in young adulthood, and remarriages are more likely to end in divorce.
Rising life expectancy and the growing number of women in the workforce — which gives them more financial freedom to leave a marriage — also are cited as possible factors. Retirement accounts, stock options, deferred compensation and real estate — all are considered assets in a divorce. For older couples, those retirement accounts and real estate may be the largest asset to split.
If you are downsizing due to a "gray divorce" let our team of specialists work with you on the sale of your property. We can assist with the sale, estate sale, charitable contributions and cleaning.
Remember..."One Call Handles It All"