The divorce rate among baby boomers remains high in the U.S. During the last 20 years, the divorce rate has doubled for people age 50 and older. In 2010, one in four divorces in the U.S. was between couples in that age group.
It is probably not inaccurate to say that most Marietta residents consider divorce to be something engaged in by relatively young couples; those who can't make it past the "seven-year itch." But according to new research, divorce is actually on the rise for a completely different demographic: members of the baby boomer generation.
According to a recent study, women who file for divorce are more likely to suffer long-term financial repercussions of that split than women who remain married or remarry following divorce. Specifically, the data indicates that divorced women may end up with less money when they enter retirement as a result of the loss of their former spouse's Social Security retirement benefits.
"Falling in love is romantic, but paying the bills is pragmatic," says American Academy of Matrimonial Lawyers ("AAML") President Marlene Eskind Moses in citing the commonsense and growing allure that prenuptial agreements have for individuals and couples seeking to protect retirement income.