Although conventional "wisdom" claims that half of all marriages end in divorce, couples in Michigan do not actually face those odds. Still, according to Pew Research Center, Americans over the age of 50 who are questioning the personal value of their marital relationships are included in a group facing rising divorce rates. In 2015, based on the most recent census results, 10 out of every 1,000 couples in the 50+ age group are getting a divorce.
Numbers for Baby Boomers are still lower than the statistics of younger age ranges. Couples who are between 25 and 39 years old are divorcing at a rate of 24 per 1,000 marriages, and in the 40- to 49-year-old group, 21 out of every 1,000 marriages are ending in divorce. However, many of those over 50 are divorcing for the second time, or more.
The rate of divorce is less than half of the rates in the other two groups, but in some ways, the impact for Baby Boomers may be much more significant. CNBC reports that people over the age of 50 are much more likely to suffer financial issues.
Property division for older couples may have a substantial effect on their retirement, primarily because they do not have enough time left in the workforce to rebuild what is lost. Some may need to put off retirement in order to ensure that they will not outlive their reduced savings.
While younger couples may have to worry about custody issues, adult children may still be a factor for Baby Boomers. Research indicates that nearly one out of every three adults between the ages of 18 and 34 are living with their parents.