Divorce – a life-changing event for both clients and financial planners — is on the decline. Across age groups, divorce rates among Americans have fallen about five percentage points since 1996, according to U.S. Census Bureau data on the subject.
While 19% of married women aged 25 to 29 had divorced in 1996, 14% of that group had divorced in 2009 — a decrease of about 26%. The divorce rate among women 30 to 34 dropped to 21%, from 26% during the same period, according to the Census Bureau’s “Number, Timing and Duration of Marriages and Divorces: 2009.”
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