Monzón, Guerra & Associates, Attorneys at Law

Call for Free Initial Consultation
Consultations are Confidential

contact Menu

Women, finances and gray divorce

Fight Your DUI Charges. Contact Us Today.

Women who live in Nebraska and face the prospect of a divorce know that their lifestyles may end up seeing some changes, at least temporarily. It is always more expensive to maintain two households than one. For women who are over 50, they must also face the fact that they have less working years ahead of them than their younger counterparts, so there is less time to regain lost assets

Yahoo Finance recently reported some of the results from research conducted at Bowling Green State University that indicates women who get divorced in their 50s or later experience a much higher rate of poverty by the time they are 62 than do any other group. For these women, the poverty rate was found to be 26.9%.

For a person, female or male, who was divorced before they turned 50, the poverty rate was a mere 3.1%. Men over 62 who experienced a gray divorce and who never remarried had a stated poverty rate of 11.4%. Even women who divorced before 50 had higher poverty rates than these groups at 18.6%, highlighting the serious risks women face when divorcing.

The standard of living for gray divorced women was found to drop by as much as 45% compared to 21% for gray divorced men. Men who divorced before 50 experienced little to no decline in their living standard. Women who divorced before 50 had a lifestyle dip about half as much as their gray divorced counterparts. Women may want to seek guidance from an attorney during a divorce to understand how to protect their financial futures.



No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Monzón, Guerra & Associates Attorneys At Law

We Will Go The Extra Mile In Order To Achieve Your Goals & Exceed Your Expectations

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Monzón, Guerra & Associates, Attorneys at Law
1133 H Street
Lincoln, NE 68508

Toll Free: 866-734-7798
Phone: 402-477-8188
Fax: 402-477-8202
Lincoln Law Office Map