Many people believe that a decline in marital happiness and satisfaction is almost inevitable. Conventional wisdom tells people that newlyweds start off their marriages with a honeymoon period that ends after some time, leading to greater conflict and sometimes, divorce. When people do decide to divorce, financial issues are often at the forefront. People struggle over asset division, spousal support and other economic issues. Therefore, many people think that couples with lower incomes may be more likely to be unhappy in their marriages.
Study explores money issues when older people divorce
According to a recently published study, there is a growing trend of divorce among those over fifty. The trend, known as “gray divorce,” involves people over 50 years old. In Wisconsin, and nationwide, those in this demographic face unique financial challenges when they end their marriages.
