How to Stop a Late-in-Life Divorce From Ruining Your Retirement

Published On Nov 17, 2024, 3:00 AM

The article discusses the rising trend of divorces among Americans over 50, highlighting individual stories like that of Margye Solomon, who after a 33-year marriage, faced financial and lifestyle changes post-divorce. It points out that divorce rates in this age group have significantly increased due to better economic independence and longer life expectancies. Many older adults are adapting their lifestyles to accommodate their new financial realities, which includes moving to lower-cost areas and rethinking their spending habits.

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Stock Forecasts

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Positive

Given the rising divorce rates among older Americans and the shift in financial habits, companies providing financial services or products targeted at this demographic may see increased demand. Additionally, real estate and affordable housing markets may benefit as more individuals downsize or relocate to cheaper living situations. The focus on frugality could also indicate a move towards value-oriented investment strategies.

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Negative

On the downside, sectors reliant on traditional retirement planning and leisure spending may face challenges as consumers adjust their financial strategies post-divorce, resulting in decreased discretionary spending among this age group.

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