In 1990, 1 in 10 of all divorces were by people ages 50+. In 2009, 1 in 4 of all divorces were by people ages 50.
Seniors married 50 yrs are throwing in the towel. Grandmom and grandpa are getting divorced.
According to the CDC, the divorce rate among people over 50 has more than doubled since 1990. Experts suggest that is because divorce currently lacks the social stigma which traditionally surrounded it. I've heard of people waiting until their children are all adults then divorcing too.
Divorce is not only a growing trend among elders, but becoming more "acceptable" as well, Dychtwald says.
Mellody Hobson, president of Ariel Capital Management and Good Morning America's financial contributor, offers some advice for suddenly single seniors. She suggests delaying retirement, considering a reverse mortgage, saving more, and reassessing asset allocations, but not abandoning stocks.