Rise of ‘Gray’ Divorce Forces Financial Reckoning After 50

Non-stop business knowledge Get more on The Bloomberg App For some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial decisions they’d let their spouses deal with when they were married. Often, they find some nasty surprises after he’s gone. A majority of married women—56 percent—still leave major investing and financial planning decisions

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