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One of the most financially devastating things that can happen to a person in their golden years is divorcing a spouse.
What’s frequently called “gray divorce” is happening more than ever before. In 1990, less than 9% of all divorces in the U.S. involved couples at least 50 years old. That figure jumped to 36% in 2019, according to a paper published in the the Journals of Gerontology in 2022.
Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the … Read full bio
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As healthcare expenses approach double-digit increases, employers are looking for savings in waste, care delivery, and plan administration before cutting benefits.
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