Financial Concerns May Be Causing Senior Divorce Boom

In the last year, 28% of divorced individuals were older than 50-years-old, and the divorce rate is twice what is was in 1990 for seniors. Increases in unplanned medical costs, such as nursing home care, may be helping to create the increasing senior divorce rate. A commonly named reason for older divorcing couples is increasing costs for long-term health care.

See Bonnie Kraham, Long-Term Care Costs a Problem for Older Couples, Times Herald Record, Sept. 25, 2014.