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Getting a grey divorce is a major financial shockSusan BrownBut

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According to one study, people who gone through a grey divorce report higher levels of depression than those whose spouses died.The economic effects are even more stark. As more and more baby boomers end marriages, sometimes for the second or third time, they wrecking their finances on an unprecedented scale.a grey divorce is a major financial shock, Brown said.If you get divorced after age 50, expect your wealth to drop by about 50 per cent, Brown and her colleagues found in yet to be published research that analyzed a long running longitudinal survey of 20,000 Americans born before 1960. That not really a surprise: After all, any divorce involves dividing a family resources.Getting a grey divorce is a major financial shockSusan BrownBut incomes also collapse after a grey divorce, particularly for women.

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