When most people think of a couple going through a divorce, they often envision a young couple that made a major decision too young or a slightly older couple that has succumbed to the struggles associated with raising a family. What many aren't aware of is that the age group with the fastest-growing divorce rate is not the young couples in their 20s, 30s or even 40s; rather, it's actually couples over 50. The divorce rate for couples in this age group has doubled in the past 20 years even though rates in other age groups have stabilized or decreased. There are a number of factors leading to the increase of gray divorce in Connecticut and across the country.
Debt has become a way of life in many Connecticut households. Mortgage, credit card and student loan debts are all common. According to a recent study, more than half of all couples start out with debt, but the problem is that 40 percent of those say debt is a problem in their relationships. Many divorcing couples blame financial issues, including debt as one of the leading factors in their divorce. There are some actions that couples can take to minimize their debt and the stress on their relationships caused by it.
For many people facing divorce, the prospect of losing their relationship with their children is the most upsetting consideration. They may not worry so much about moving out of the marital home or splitting acquired assets with their spouse as they do about not getting to see their children as often as possible.
Many would agree that the holidays are the time of year with the most traditions. Almost every act during the holidays is based on a tradition. The same decorations are used each year, the same foods are prepared only during the holidays, and the same gatherings are held annually. It provides a feeling of comfort and belonging to practice these traditions with loved ones each year. For separated parents in Connecticut dealing with child custody during the holidays, that comfort and belonging can turn to pain and loneliness if not handled with a lot of careful planning.
For over 70 years divorcing couples have followed the same alimony tax laws. However, couples in Connecticut and across the country will be following new divorce tax laws beginning next year. While many worry that the changes will cause more of a financial burden on the divorcees, others feel that the change will have a positive outcome. Many of those who fear the tax changes are scrambling to get their divorces finalized before the end of the year so that their agreements will continue to fall under current laws.