Divorce rates rise for the over 60s

Divorce rates in the over 60s are rising, despite divorce rates in general dropping. In 2006 12,636 couples over 60s divorced, in 2007 (the latest figures available) 13,678 divorced. It’s thought that the divorce rate rise for this age group is triggered by people reviewing their lives just before retirement. As people are living longer, expectations and ambitions for retirement have risen. Society has also become more tolerant of single people and divorce doesn’t carry the stigma it used to. Many women have raised their families, perhaps in combination with a career, and have seen children grow and establish themselves. They are looking forward to a retirement where they can have more “me-time” and explore hobbies and adventurous holidays abroad that they weren’t able to do when combining work and family. Some of these women are aware, however, that their husbands are looking forward to a quieter retirement. This mismatch of ambitions creates friction and couples can begin living separate lives, which in turn can lead to separation and divorce. Some men realise that they too have plans for retirement that don’t match their wife’s ambitions. Actor Anthony Hopkins was 64 when he left his wife of 29 years. He commented, “I live a separate life and am not very good with any relationships.” The credit crunch should not deter people from separating. Whilst the matrimonial home may be worth some 12% less, it also means that buyers are getting more for their money and, as lower priced homes have lost less value than higher priced homes, it is easier to bridge the gap if looking to buy in a different price band. Separating or divorcing couples looking to buy homes may be able to benefit from the Stamp Duty Land Tax holiday which could be a saving of up to £1,750 and costs associated with moving home have become lower because the market is more competitive. If you are considering separation or divorce, please called 0116 212 1080 and speak to James Haworth now or complete a contact us form for a free initial discussion.