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What agents should know about the rise of ‘silver splitter’ divorces

07/06/2017

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If you’re no longer in love with your spouse, you both are toward the end of your careers, you’ve regained equity in your shared house and your kids have flown the coop — what’s keeping you in the marriage? Increasingly, the answer for many 60-plus couples is: “nothing.” In March, a Pew Research report stated that while divorce is becoming less common for younger couples, “so-called ‘gray divorce’ is on the rise: Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s.” Why? And what should real estate agents know about this group of potential homesellers? A chart from the Pew Research article about “gray divorce.” What’s going on with boomer-aged couples? Experts in the Spring 2016 issue of Family Law Quarterly posited that the rise in divorce can be attributed to (in this order): The increase in the number of women who work and have earned their own retirement assets and income Lack of financial security and debt Empty-ne…

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