Divorce has been declining in America – except for older Americans where it has been increasing. The number of people over the age of 50 who divorce nearly doubled between 1990 and 2010, according to a recent study. Researchers have dubbed divorce for those over the age of 55 as the “gray divorce,” and have started to note its many financial consequences.
During and after a divorce, it can be very difficult to maintain your connections and community.
When you are recovering from divorce after a long-term marriage, loneliness is definitely an obstacle that keeps you from moving on. We get stuck in this mindset because it makes us feel like we have nobody in the world.
When you go through a divorce, it is quite possible that you will experience a crisis of confidence. I did. I wondered how I was going to deal with it all: the emotions, the financial realities, the effect that the divorce would have on my children. Was I up to it? Would I be able to do it?
After divorce, are you making this happiness mistake? Let me explain.
A while ago, I was laid off from a 9-5 job and I started to panic. As I started to assemble a resume and apply for new jobs, a voice in the back of my head kept chiming in: “I will be happy again once I am in a new job. Once I get that first pay check, I know I’ll smile and feel better about everything.”
Divorce after 50 can make you feel like everything you’ve known has been taken from you. The life you planned and your vision of the future may disappear, leaving you with a feeling of not knowing what to do or where to go from here.
But when you feel like this, don’t panic! There is merely one thing you must remember:
Unfortunately, men and women rarely ask themselves two essential divorce questions as they begin the process or while negotiating the final settlement:
I have found that in many cases a divorcing couple becomes focused upon the division of assets without consideration to the cost of ownership and income tax issues, which can create a significant imbalance.
When recovering from divorce after 50, every day can feel like a struggle.
Learning how to reinvent ourselves, establish our independence again, and figure out what we want during this next chapter of our lives is a bit overwhelming. Oftentimes, we may forget to see all the wonderful things that await us.