It is said baby boomers hold 80% of the UK’s wealth and many
couples will decide it is not worth struggling on in a difficult marriage when
there are sufficient assets for them both to go their separate ways. Whilst it
is not true of every case, some clients I have seen in this situation are able
to manage their divorce in a very amicable way and are able to remain good
friends afterwards. People are more aware now I think of the effect of stress
on their health and well being, and are not prepared to put up with a stressful
relationship which is making them unwell. Younger couples may decide to stay
together for the sake of the children or because financially it is difficult to
separate to two households, but where the children have grown up and a good
asset base has been built up, those practical considerations are no longer a
concern.
A report by Relate stated older people are far more likely
to be living on their own than previous generations and were concerned that
could lead to isolation and loneliness. Whilst obviously I would not want to
detract from those concerns, I have to say my experience of clients in this
generation going through divorce is that they
seem to have a strong network of friends and family around them and I
often see grown up children giving a lot of support to a parent going through
divorce proceedings. Given the rise in divorces of this age group they are also
more likely to have other friends or relatives that have been through a similar
experience.
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