Financially unwinding decades of marriage
The divorce rate among adults 50 and older doubled between 1990 and 2010, according to the National Center for Family & Marriage Research. Divorce can cause financial setbacks at any age, but what is it like to untangle financial lives that were entwined for decades?
Securian conducted a survey in February 2014 of men and women who divorced after 10 or more years of marriage. The results show that, after the end of a long marriage, spousal retirement benefits loom large in hindsight.