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Dating while divorcing texas

"Keep in mind that many consequences of divorcing later in life revolve around one fact: less time to recover financially, recoup losses, retire debt and ride the waves of booms and busts," says Janice Green, an Austin, Texas, family law attorney and author of Divorce After 50.More than half of all workers or their spouses have less than ,000 in household savings and investments, according to the 2011 Retirement Confidence Survey, published by the nonpartisan Employee Benefit Research Institute.Reasons vary: Longer lives mean more years with an incompatible spouse; no kids to use as a reason to stay together; less stigma about splitting; more women working, some outearning their spouses; and a remarriage failure rate of 60 percent.The surge has spawned the term "gray divorce." As Jay Lebow, a psychologist at the Family Institute at Northwestern University, says, "If late-life divorce were a disease, it would be an epidemic." One out of three boomers will face older age unmarried, says Susan Brown, codirector of the National Center for Family & Marriage Research at Bowling Green State University in her new study "The Gray Divorce Revolution." That's significant.In 2021, Medicare alone is expected to cost taxpayers

"Keep in mind that many consequences of divorcing later in life revolve around one fact: less time to recover financially, recoup losses, retire debt and ride the waves of booms and busts," says Janice Green, an Austin, Texas, family law attorney and author of Divorce After 50.More than half of all workers or their spouses have less than $25,000 in household savings and investments, according to the 2011 Retirement Confidence Survey, published by the nonpartisan Employee Benefit Research Institute.Reasons vary: Longer lives mean more years with an incompatible spouse; no kids to use as a reason to stay together; less stigma about splitting; more women working, some outearning their spouses; and a remarriage failure rate of 60 percent.The surge has spawned the term "gray divorce." As Jay Lebow, a psychologist at the Family Institute at Northwestern University, says, "If late-life divorce were a disease, it would be an epidemic." One out of three boomers will face older age unmarried, says Susan Brown, codirector of the National Center for Family & Marriage Research at Bowling Green State University in her new study "The Gray Divorce Revolution." That's significant.In 2021, Medicare alone is expected to cost taxpayers $1.1 trillion — up from $586 billion in 2012.To stay afloat, some singles, like Eileen Lewis, 66, take in boarders.Women also still earn less than men and have a longer life expectancy, which puts them at greater economic risk."Once women wind up older and alone, whether it's widowed, divorced or never married, they're at a fairly high rate of poverty, on average 20 percent," says Heidi Hartmann, president of the Institute for Women's Policy Research.

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"Keep in mind that many consequences of divorcing later in life revolve around one fact: less time to recover financially, recoup losses, retire debt and ride the waves of booms and busts," says Janice Green, an Austin, Texas, family law attorney and author of Divorce After 50.

More than half of all workers or their spouses have less than $25,000 in household savings and investments, according to the 2011 Retirement Confidence Survey, published by the nonpartisan Employee Benefit Research Institute.

Reasons vary: Longer lives mean more years with an incompatible spouse; no kids to use as a reason to stay together; less stigma about splitting; more women working, some outearning their spouses; and a remarriage failure rate of 60 percent.

.1 trillion — up from 6 billion in 2012.To stay afloat, some singles, like Eileen Lewis, 66, take in boarders.Women also still earn less than men and have a longer life expectancy, which puts them at greater economic risk."Once women wind up older and alone, whether it's widowed, divorced or never married, they're at a fairly high rate of poverty, on average 20 percent," says Heidi Hartmann, president of the Institute for Women's Policy Research.

"They often don't have alternative care networks the way women do," says Andrew Cherlin, a sociologist at Johns Hopkins University.

The fact that onetime legally bound partners have gone their separate ways later in life — or are single by choice or circumstances — has many personal and societal ramifications.

Paying on your own Even if not divorced, older adults can be vulnerable financially in today's economy. "You end up with only half of what you had when you were married, and half can feel like nothing," says Ginita Wall, a San Diego CPA and certified divorce financial analyst.

Someone to watch over me Caregiving adds to the burden of aging alone — and it, too, typically affects women.

A 2009 National Alliance for Caregiving/AARP survey found that 66 percent of caregivers were female, with women providing on average 21.9 hours per week vs. And, according to a National Alliance for Caregiving/Evercare survey, the average out-of-pocket expense for caregivers is ,531 a year, ,728 if helping from a distance and ,885 if the caregiver and care recipient live together.

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