Statistics show that divorces among seniors, known as gray divorce, is becoming more commonplace in Massachusetts and elsewhere. However, a divorce of this nature poses unique challenges. When a couple has spent many years saving for retirement and amassing other financial assets together, it can be delicate work to divide up these assets in a way that allows both spouses to maintain a retirement plan.
Recently, reports have surfaced discussing the implications for baby boomers regarding the growing trend of middle age divorce. The so-called Gray Divorce trend has been a hot topic for many in Massachusetts and across the country. The impact of the baby boomer generation on all manner of cultural, societal, political and demographic trends in the U.S. has long been studied and discussed. Many commentators say that this mid-life divorce trend is just one more way that baby boomers have and will continue to influence life and public policy.