What is grey divorce?

Across the board, divorces have been on an upward trend in recent years. Experts speculate many different reasons for that. But one notable demographic stands out above the others: grey divorcees.

These divorcees are over the age of 50. Despite that, they decide to take matters into their own hands and move on from an old relationship.

Causes behind grey divorce

Forbes takes a look at the phenomenon of grey divorce, which continues to rise annually. Experts speculate many different factors behind the rise in older couples splitting up. For one, things are not the same as they were 50 years ago. These days, societal stigma surrounding divorce sees significant and continued reduction. On top of that, the average life expectancy continues to rise.

What this means for older couples is one loud and clear message. “It is never too late”. Plenty of individuals no longer see their 50s as being late in life. They understand that they potentially have decades of time left. Why settle for an unhappy marriage when you have the chance to get out, meet new people and possibly remarry again?

Hurdles grey divorcees face

Of course, gray divorcees face hurdles that younger couples do not. First of all, it is harder to reestablish finances after a split in later decades. This is particularly true of individuals with no source of income or retirement plan in the works. It is also hard to readjust to life as a single person if you spent the last few decades married.

But for many, divorce is a real option with tangible benefits. If you are considering a split, you may want to consult with a legal expert to see your options.