A new survey by Allianz Life Insurance Company reveals that “grey divorces” are on the rise, with divorce rates among middle-aged and older Americans doubling between 1970 and 2019. 56% of married Americans fear divorce would impact their retirement plans, with millennials most concerned. For those who have already experienced divorce, 40% say it derailed their retirement goals. Many lack a financial plan if divorce were to occur, leading to increased stress and financial responsibility. It is crucial to consider the financial implications of divorce, especially for those later in life.

Read more at Yahoo Finance: 40% Of Americans Say Later-In-Life Splits Derailed Their Retirement Plans