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June 2017 Archives

How a gray divorce can affect a couple's retirement plan

Ohio residents may be interested to learn that the rate of gray divorce cases, or divorce after 20 or more years of marriage for people 50 and older, has doubled since the 1990s. Although various studies have tried to explain the trend, the reality is that both individuals may be very different people from who they were when they tied the knot.

For higher-earning wives, the complexities of divorce

Ohio couples who are seeking a divorce will often need to negotiate the division of property. This is a delicate matter in all cases, but it can become increasingly complex when it is a high-asset divorce and particularly in cases where the wife earns more than the husband.

Divorce and a husband's employment

The most significant factor in a divorce for couples in Ohio and the rest of the nation is whether the husband is gainfully employed. This is according to a study conducted by a sociology professor at Harvard University. The professor examined 46 years' worth of data on over 6,300 married couples in the United States. She discovered that there was a rise in the number of divorces in the mid-1970s and determined that housework was not a significant contributing divorce factor after 1975, most likely because a larger number of women were becoming part of the workforce. She also found that a wife's economic independence was not linked to a higher chance of divorce.

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