The Harding Law Firm News

Comparing Divorce Rates Among Baby Boomers to Other Generations

Harding Law Firm - Tuesday, September 08, 2015

—Useful Advice from an Albany Divorce Attorney

Baby boomers are entering into retirement age, but along with the higher statistics for retirement also come an increased likelihood of divorce. The sudden increase in baby boomer divorces has now been coined the “gray divorce” as more couples over the age of 50 start divorcing.

According to statistics, baby boomers have always had a higher divorce rate than other generations. This group born between 1946 and 1964 often experience a rate three times higher than their own parents’ generation. Recently, however, the generation has seen a drop in the divorce rate, hovering around 3.5 per 1,000 people versus the peak at 5.3 per 1,000 people in 1981.

Why Divorce Rates Are High for Baby Boomers

Schenectady divorce lawyers see a fair share of clients over the age of 50 entering into a divorce. While the reasons for that divorce can vary, there are some theories as to why baby boomers are more likely to divorce than other generations.

  1. Retirement - As baby boomers enter into retirement, these aging couples are now spending more time with one another. Couples often find out that they share little to no common interests at this point, which is why they often choose to go separate ways.
  2. Women are Financially Independent - Unlike previous generations, baby boomer women often entered the workforce; therefore, they are more likely to be financially independent from their spouse. That means there is no risk for them if they do seek a divorce.
  3. Society - Today, divorces are largely accepted by society, which takes away the negative stigma that once sat over couples that want a divorce. Society has also bred people to have higher expectations for marriage, meaning spouses expect their spouse to be their best friends and the marriage their sole source for happiness. If it is none of those, then they feel they need to move on.
  4. Law - More states are allowing no-fault divorces, which mean couples do not have to have any specific reason for the divorce other than the marriage being irretrievably broken; which means the marriage cannot be repaired.

Financially speaking, divorces after retirement are much more complex and emotionally devastating. For some older couples, they have limited social support and may even experience entire family splits because of their divorce. This is why it is important that divorcing couples meet with an attorney to discuss their options and ensure they are still able to comfortably retire regardless of a divorce.

Speak with an Albany divorce attorney today regarding your divorce. Contact Charles Harding for a free consultation. You can also call us at 518-384-3400