In America, there has been an increase in gray divorce rates. Gray divorces, or divorces involving those who are 50 or older and who have likely been married for a long time, have been on the rise for the last couple decades.
Gray divorcees, who are also known as "diamond or silver splitters" due to their likelihood of having gray hair, must be cautious about how they separate. There may be a lot more to lose in a gray divorce. You may have retirement accounts, stocks, savings, benefits or other things to consider when divorcing that younger couples may not yet need to handle.