For the most part, divorce rates have actually decreased in recent years. However, this is not the case for couples over the age of 50. This is the only age group that has seen a consistent rise in divorce in the last few decades.
The causes of divorce are numerous, but there are some specific issues that tend to impact couples aged 50 and over. Here are some important factors to consider.
The empty nest
Most people have heard of the term “stay together for the children”. Well, this is what many couples literally do. Sometimes, rather than address marital issues, they will put them to one side and focus entirely on raising the kids.
The problem with this is that it eventually catches up with the couple. The kids will grow up, become more independent and most likely move into their own place. This can leave behind a very quiet home or “empty nest”, meaning that the couple’s issues from the past resurface.
At this point, it is not uncommon for either or both spouses to really think about what will make them happy. They may want to focus entirely on themselves at this stage, and their partner may not fit into future plans.
Financial priorities
Often, couples over the age of 50 have accumulated significant wealth. The couple will likely have shared bank accounts, retirement funds, property and savings. One spouse may have an entrepreneurial streak that does not look likely to fade. The other spouse may no longer want to focus on investments, but how the money can be spent to enjoy their retirement.
Financial disputes can be a source of issues between all couples, but this is especially the case for older couples who have more assets.
A marriage can last forever if well-maintained. Even if spouses have not set a foot wrong, some things just aren’t meant to be. If divorce is on the horizon for you, it will be beneficial to seek some legal guidance.