Posted on 09/06/2017 7:15:26 PM PDT by BJ1
Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with.
That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a recent Pew Research Center report.
Statistically speaking we’re healthier and probably going to be living a lot longer — possibly 30 years longer — than average retirees once did. The surge in late-in-life — or “gray” — divorce is one possibly unintended consequence of this so-called longevity bonus.
Read: Why your retirement may not be so horrible after all
“What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now,” says Lili Vasileff, a certified financial planner and president of Divorce and Money Matters, which specializes in divorce financial planning. “They may have (decades) ahead and don’t want to be unhappy anymore.”
This is combined with a reduced stigma of divorce, both in terms of religion and society’s attitudes. People also feel more financially stable — especially if both partners have careers. But there are some serious downsides to divorce at this stage of life.
“Gray divorcees tend to be less financially secure than married and widowed adults, particularly among women,” Pew says. “And living alone at older ages can be detrimental to one’s financial comfort and, for men, their satisfaction with their social lives.”
(Excerpt) Read more at marketwatch.com ...
Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s
Divorced twice since the 90s I’m doing my share
This is just one more thinly disguised feminist diatribe disguised as rational discourse. It seems Ms. Vasileff's preferred pronoun for her female customers is "they." One wonders why she feels compelled to disguise her lack of objectivity.
Your link is for SSI,not Social Security——two different things.
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That’s not true. It’s only for spouses who never worked. My husband and I are both on SS. The only reason he makes a little more than I, is that I retired at 62, so my benefits are reduced. They’re based on your income, if you had one. Stay at home wives draw ss from their husbands income, but not the full amount, just half. If he dies or divorces, you get the full amount.
“No. It is for every spouse. One gets whole, one gets half.”
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Wrong, each spouse gets 100% of their entitled Social Security if they each earned income.
If only one works,the other gets 1/2.
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What Stevio said. You are truly blessed.
That’s what I’m wondering... How much of this percentage increase for boomer divorces are for the same people getting remarried and divorced again?
I am a 1946 boomer so I am senior to 95% or so of the rest of the designated cohort, I have been married to the same woman for 48 years and see no reason to alter that status, even if it is the trendy thing to do.
Some details please. Both spouses have worked and paid into social security. Singly they would be getting,say, 1500 each. So married they only get 2250?
Or, get away from the soul crushing shrew before you die of her like your ex father in law.
You can count wrinkles?
“The term “living fully” is a bit on the idiotic side.”
Isn’t it just a euphemism for sleeping with a lot of different people?
“And if you are widowed and decide to remarry you get all sorts of horrible penalties as well.”
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That’s not true if you are over 60.
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It’s the Boomers. They have always as a cohort had the highest divorce rate. Now that the Boomers as a group have aged into the 50+ age bracket, the divorce rate for that bracket has shot up.
It isn’t all Boomers either, but mostly a core group of serial divorcers. People who blow off their first marriage are likely to do the same with 2nd or 3rd ones as well. Slow learners, I guess.
The early boomers wanted free love, free sex, free drugs and FREEdom more than anything else.
Now that they phasing out of the workforce they want to be free all over again, no bounds, no chains, no commitments, me, me, me (Generation).
Today is mine and my wife’s 42 wedding
anniversary. Can’t imagine spending
the rest of my life with anyone but her.
I am truly one of a few who believe
strongly in the vows we traded when
we were both 19....
Congratulations on your anniversary.
A good marriage is one of God’s sublime blessings.
How sad to divorce the spouse you grew up with.
My parents are 88 and 89, still live in their home and clearly enjoy each other’s company. That’s the kind of enduring love I want for me and my husband, togetherness until the very end.
Thank You
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