In Arizona and around the country, gray divorce is on the rise. For those who are unfamiliar, gray divorce happens between two older individuals who are at least 50 years old. There are many possible reasons for this increasing trend.
The hard-hitting gray divorce epidemic
Getting divorced at any age can be difficult, to say the least. However, for those undergoing a divorce after the age of 50, their entire life can be hit exceptionally hard. Most of these couples have been together for decades, which means many years of building up wealth, assets and emotional stability. Undergoing a divorce will impact these individuals significantly on both a financial and emotional level.
Top reasons for gray divorce
When it comes to the older population, they have some of the same reasons for divorce as younger couples do. The most common reason for gray divorce is due to financial matters. As both spouses enter into the retirement lifestyle, they may undergo the financial strain of living within a smaller budget than they’re used to. Some people can adapt better than others.
The second most common reason for gray divorce is infidelity. As older bodies change, so does sexual libido. One spouse can have no change in their libido while another does, which can cause one spouse to feel justified in their infidelity.
Retirement is another common cause of gray divorce. Many people are not emotionally prepared to deal with hanging up a big part of their identity when they retire. As couples spend more time together in retirement, they may find that they no longer enjoy each other’s company.
Individuals looking to divorce over the age of 50 face many challenges both financially and emotionally. A family law attorney may guide them through the divorce process to avoid some common pitfalls.