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Divorce more prevalent in 2015 or in 1960?

We hear about divorcing couples so often and the statistic that around 50 percent of all marriages end in divorce, that many Florida residents have come to believe that divorces are more common now than they have ever been before. However, a study conducted by the Minnesota Population Center's Integrated Public Microdata Sample Project concluded that this is not the case.

The study looked at marital outcomes and the number of marriages and determined the proportion of the population that had either never married, was widowed, or was in a situation in which the marriage had ended. The study compared the results of 2015 with that of a similar study of 1960 and 1980.

The study found that in 2015, around 11 percent of 30-year-olds had already finished one marriage and 43 percent of people who answered the survey were divorced, separated or married multiple times by the time they were 63 years old. However, 43 percent of 63 year olds were still in their first age. By contrast, more 20 year olds had ended their marriage in 1960 and 1980 than in 2015 and more people were in their second or third marriages by the same age in the 1960s and 1980s.

Ending a marriage is difficult at any age, but when the couple is older then their asset division is more complex in event of a divorce-assets such as their retirement accounts, property interests and offshore accounts are so intertwined that it can result in complex asset division. It may be prudent to consult an experienced attorney to ensure that one's assets are protected and divided fairly.

Source: Business Insider, "Here's when you're probably getting divorced," Andy Kiersz, Feb. 14, 2017

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