Divorce after 50 is absolutely destroying baby boomers' finances
Ben Steverman -Bloomberg News - Oct 18, 2019
Boomers are ending marriages, sometimes for the second or third time, wrecking their finances on an unprecedented scale and never bouncing back. Incomes also collapses after a grey-divorce, particularly for women. The researchers looked at standard of living — income adjusted for household size — reflecting the fact that a solo adult needs less income than a single parent with two children still at home. They found that when women divorce after age 50, standard of living plunges 45 per cent. That’s about double the decline found in previous research on younger divorced women.