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Divorce trends in the U.S.

Texas residents who have gotten divorced at least once or who may be contemplating their first-ever divorce know how complex this experience can be. The decision to end a marriage is a big one with ramifications that touch every part of a person's life. One of the parts of life that can hit people hard is financial health and planning. When getting divorced at a later stage in life, the financial impact can be even greater.

With retirement assets more essential as a person nears retirement, getting divorced then can interfere with a person's ability to retire or dramatically change an expected retirement lifestyle. Data from the U.S. Census Bureau and the National Center for Health Statistics show that in two age groups, the rate of divorce between 1990 and 2015 has increase two to three times. For people between 25 and 39, the divorce rate dropped from 30 to 24 people per every 1,000 people. In contrast, the number of people getting divorced in their 40s increased from 18 to 21 per every 1,000.

The biggest jumps were actually seen in people over 50 and over 65. In the former group, the number of divorced people increased two times from five to 10 out of every 1,000 persons. For people aged 65 years old and beyond, a three-fold jump was seen in this 25-year span.

When getting divorced at any age, Texas residents might want to talk with an attorney to get an idea of how they could protect their financial futures. 

Source: Miami Herald, "Baby boomers getting divorced in record numbers," Ana Veciana-Suarez, March 10, 2017

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