In Illinois and across the country, an increasing number of Americans over the age of 50 are considering divorce. While the divorce rate for people of all ages has stabilized or even dropped since the mid-1990s, the opposite has been the case for people over 50. Unlike other demographic groups, Americans over 50 have doubled their rate of divorce since the 1990s, and approximately one-fourth of all divorces take place within the Baby Boomer generation.
Why gray divorces are on the rise
Tips for ensuring financial security after divorce
Divorcing couples in Illinois might want to consider taking a collaborative approach to the process that focuses on leaving them both financially stable after the divorce is final. This is a growing trend among couples, and it often starts with hiring a financial planner.
Prenuptial agreements gain popularity among Millennials
New generations bring new ideas. Old ideas don’t go away, but they change with the times.
