Divorce affects many couples each year. In fact, more couples are opting to divorce than ever before.
Gray divorce is a more recent occurrence. It reflects the changing trends in relationships and how divorce gets perceived.
What is gray divorce?
A gray divorce is a divorce that occurs when both people in the couple are over 50 years old. Increasingly, older couples are opting to divorce, and the term gray divorce is reflecting that trend. There may be different reasons for this. For example, some may wait until their children have left the house to divorce. While others may simply feel more comfortable with this option as the stigma around divorce is not what it used to be.
How can it impact your family?
Gray divorce can have a distinct and noticeable impact on the family, whether or not the couple’s children are grown up and out of the house, or whether they still have some teenage children at home. Gray divorce can also have a distinct impact on finances for both parties of the parting couple. Often, many may find that it is harder to recover from a gray divorce because there is typically less time to rebuild finances afterward. This often means that more planning will be necessary before divorcing.
Divorce can be difficult to deal with, no matter at what time in life it occurs. By planning carefully and getting the right help you can ensure that you are taking the right steps for yourself and your family.