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Divorce is becoming more common among Baby Boomers, says study

In March 2012, Bowling Green State University released a reported entitled "The Gray Divorce Revolution," which examines trends among American couples ages 50 or older. The data reveals some interesting statistics - namely that the divorce rate among members of the Baby Boomer generation has grown significantly, doubling between 1990 and 2010.

According to a recent article from USA Today, divorce amongst Baby Boomers comes with its own unique set of challenges. For example, since many people at that stage of life are nearing retirement, a split requires them to reexamine their finances and acknowledge the fact that the pool of money they've been saving together will now have to be divvied up between the two of them.

For some, this means having to hold off a few years before retiring. Still, the fact remains that it's cheaper to retire as a couple than as a two single people. Financial planner Joe Duran told the source that for Boomers who get a divorce, retirement could end up being 50 percent more expensive.

Even with this in mind, Duran and other experts say they don't expect this trend to slow down any time soon.

"Gray divorce reflects changing attitudes about marriage," said Susan Brown, a professor of sociology and co-author of the report. "We have much higher expectations today for what constitutes a successful marriage than earlier generations did. At the same time, society is more accepting of divorce as a solution to an unsatisfying marriage. For these reasons, gray divorce is probably here to stay."

A divorce is a complicated process that can take a toll on both parties involved - financially and emotionally. If you find yourself in this situation, it's a good idea to get in touch with a New Hampshire law firm whose team of experienced attorneys can help ensure that it goes as smoothly as possible.

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