Reported by Ree, “The (Ree)lationship Guide”
Have you ever heard someone boast about their grandparent’s marriage?
“I want the same relationship my grandma and grandpa had. They’ve been together for 50+ years!” Sadly, we may no longer marvel over these types of enduring relationships because new research indicates the divorce rate for couples 50+ has doubled from 1990-2015. This trend is known as “gray-divorce.”
If you’re wondering why people who are old enough to be grandparents are calling it quits, the Pew Research Center has made some suggestions as to why this new trend is gaining popularity in the 50+ club. One suggestion is that divorces among Baby Boomers in their young adulthood have contributed to an increase of divorce in their remarriages. Another suggestion is that these divorcees have grown unsatisfied with their marriages over the years and are seeking opportunities to pursue their own interests and independence for the remaining years of their lives.
While the burning desire for freedom and a newfound independence seems enticing to later-life divorcees, the truth is this change has an adverse effect on their future. Gray-divorcees tend to be less financially secure than married and widowed adults, and living alone at an older age can cause financial and social discomfort.
Although gray-divorce is on the rise, younger couples are still leading the race to divorce. About 2.4 percent of married people under 40 divorced in 2015, compared to 1 percent of those over 50, according to Pew.
There’s big business surrounding divorce. According to Dr. Drew Pinsky, narrator of a documentary titled Divorce Corp, fifty billion dollars a year are spent on divorce. Even the average uncontested divorce is pretty expensive, at approximately $20,000. He also pointed out that if there is a lot of money, the expense of divorce goes up dramatically.
In other words: It’s probably best to just stay in the relationship if you’ve already invested a significant amount of time.