Why More OlderCouples Are Divorcing

Divorce in later life, or ‘grey’ divorce as it has been otherwise coined, is a phenomenon that is rising. In 2014 in the United States, people age 50 and above were twice as likely to go through a divorce than in 1990, according to the National Center for Family and Marriage Research at Bowling Green State University in Ohio. For those over 65, the increase was even higher. At the same time, divorce rates have plateaued or dropped among other age groups.

Grey divorce has escalated across Australia with latest Australian Bureau of Statistics data showing the average age of divorcees has increased over the past 25 years. In 2013, the average female divorcee was 42 years old while the average male divorcee was 44. This compares to 32 for women and 34 for men in 1990.

One explanation is that people are living longer. Pepper Schwartz, a professor of sociology at the University of Washington in Seattle says: “Now, let’s say you’re 50 or 60. You could go 30 more years. A lot of marriages are not horrible, but they’re no longer satisfying or loving. They may not be ugly, but you say, ‘Do I really want 30 more years of this?’”

Social researcher Mark McCrindle says the trend is in line with the increasing age of bridges and grooms. “We’ve seen the average age of marriage get later, and people divorcing later,” he says.

Jacqueline Wharton from Separation and Divorce Advisors says most of her older clients separated after their children left the family home.
“Clients find that once the kids leave home, they don’t have much in common with their spouse.  As people start to semi-retire they generally spend more time together at home, and differences in values, routines, expectations and annoying habits are highlighted and can often lead to the deterioration of a marriage.”

By the time most couples enter their mid- to late-50s, their children are usually independent adults, and it becomes painfully clear that their parents don’t need to stay together “for the kids.” But many “happy enough” people feel that their children no longer get to dictate the terms of their relationship.

divorcemoneyThe social stigma surrounding divorce as largely disappeared, making the decision perhaps easier for older couples to make. But there is a downside to divorce in later life, and it’s a financial one. The peak of their financial earning is usually behind them, and they have less time to rebuild their wealth in time for retirement. As a result, older divorcees may find themselves having to delay retirement, working until they’re older. This assumes that both parties can actually find work.

Problems can arise if one partner has had control of the couple’s finances or has been the primary income-earner throughout a marriage. Wives who have spent 20 years raising children and husbands who’ve spent the same time working full-time is the common scenario for today’s grey divorcees. In this scenario, the woman may find it particularly difficult to enter the workforce or may be forced to work in low-income jobs to make ends meet.

The biggest assets to divide are the family home and superannuation. The Family Court can help couples split super through a formal written agreement, consent order or if an arrangement cannot be made, through a court order. The court will take into account the financial and non-financial contributions made by each party throughout the course of the marriage. Each divorce is settled according to individual needs.

If you have questions about separation or divorce, contact us today for your FREE, 10-minute phone consultation.