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Divorces among older Americans’ are causing a ‘graying’ trend. The post World War II generation is setting new records for divorce. Divorces among those over age 50 has doubled over the last 20 years, with researchers speculating increasing longevity and women’s increasing financial independence as leading factors.
Regardless of the causes, the phenomenon is real, and financial advisors should be prepared to help their clients update their financial plans to reflect this new reality. To the right are resources to help you consider the unique challenges ‘grey’ divorcees face and help customers navigate them.
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