With Social Security and entitlements under debate, baby boomers are hitting their 60’s and guess what else. They are getting divorced.
Long term marriages account for nearly a quarter of divorce filings in recent years. This is attributed to many factors, including the growing financial status of women, and couples drifting apart after the kids are gone.
Many of these “gray divorces” are less hostile than the usual divorce. The marriage ends with a fade away divorce rather than a divorce by crisis. The parties just want to separate their finances and move on with their lives. Another interesting statistic is that once divorced, more boomers are staying single.