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Baby boomers experiencing rising number of divorces

Change is inevitable in the lives of Salt Lake City residents. On both an individual level and for society as a whole, Salt Lake City residents have seen a number of changes over the past few decades. These changes have had an impact on the legal system as well, including changes in family law cases.

One increasing trend of recent years is the rising number of divorces that have occurred for baby boomers. The divorce rate has increased for those aged 50 to 64, even while the divorce rate for younger age groups has declined.

The rising divorce rate includes not only those who divorce after a second or third marriage, but a number of baby boomers who are divorcing after a long first marriage. Indeed, more than half of the divorces that were examined in a recent study involved couples who had been married for more than 20 years.

Divorces between baby boomers, also known as gray divorces, can involve different issues than divorces involving other age groups. For example, the couple that has been married for several years, or even decades, may have accumulated more wealth and assets over that longer period of time. Accordingly, property division issues can be different in a high asset divorce, as there may be more assets and valuation issues to address.

The individuals in a gray divorce may also be situated differently than other divorces. In some cases, the spouses, especially females, may be more financially independent than previously, for example. However, in other gray divorces, spouses could be more financially dependent after years of marriage to a spouse who is the higher income earner of the family. Accordingly, even within gray divorces, the issues can vary drastically. Therefore, while divorces have increased for baby boomers as a group, each case must be considered on its own facts and circumstances.

Source: Victoria Advocate, "Gray divorce, a growing trend," Wendy McHaney, Jan. 8, 2016

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