The divorce rate in the U.S. fell by 18% between 2008 and 2016, as younger people decide to stay single longer than their parents.
However, this doesn’t mean that people who marry at a later age have a lesser chance of filing for divorce. Some people even want to break up with their spouses after decades of being married, which is otherwise known as a gray divorce.
Divorce and Marriage
Millennials primarily caused the lower divorce rate in the country over the eight-year period. Many of them have become more conscious about setting up a stable life and finding the right person before abandoning singlehood. This behavior includes establishing a stable career and financial status, especially for those who still pay off student loans.
The lower divorce rate doesn’t reflect the decline in marriage as well. On the contrary, the analysis noted that marriage between couples has a higher chance of lasting longer than ten years ago. For those who are 65 years old and above, the divorce rate has tripled between 2009 and 2015, according to the National Center for Family and Marriage Research.
If you live in Washington, you should consider consulting a family attorney in Kent or Seattle to help you with a gray divorce. Older people would find it overwhelming to arrange their finances and assets, especially if they accumulated over several years.
Find out how your retirement fund will be affected by consulting with a financial adviser. You should ideally do this before entering into any negotiations with your spouse. An expert on finances can also help you determine your tax payments after you transition into singlehood.
It’s safe to assume that deciding to settle down at an older age improves your chances of staying married. In case things don’t work out as you envisioned them, legal and financial experts can serve as your sound mind when you find it difficult to detach your emotions from the situation.