LJ_Reloaded
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- Joined
- Apr 3, 2010
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Now THIS shit actually makes me nervous about the future. This ain't just happening in Australia.
My skies are clear today, but 10-20 years down the line? Who knows. I could be one of these dudes if I get nailed with a 70-30 split and then some sickness hits.
http://www.afr.com/business/health/few-attractions-for-older-divorced-men-20121026-jimsr
My skies are clear today, but 10-20 years down the line? Who knows. I could be one of these dudes if I get nailed with a 70-30 split and then some sickness hits.
http://www.afr.com/business/health/few-attractions-for-older-divorced-men-20121026-jimsr
Yet it’s so easy to assume that a man who doesn’t shape up financially must be a loser. How often does it occur to women – myself included – that maybe we might have something to do with the plight of these older men?
Divorce is a growing hazard for older married men. The percentage of divorces involving men over 50 more than doubled between 1985 and 2010 – leaping from 11 to 22 per cent for men in their 50s and 4 to 10 per cent for men aged 60 and over.
A Family Court study by Pauline Presland and Helen Gluckstern in 1993 showed it was women who made the decision to leave in two-thirds of mature-aged marital separations. Australian National Union professor Matthew Gray, a former deputy director of the Australian Institute of Family Studies, says this is most likely still the case: “Research from around the world shows women make the decision in most, around two-thirds, marital separations." After a long working life of building up their financial security, many rightly grumpy older men end up losing 60 per cent to 70 per cent of the joint assets; homemaker wives or those on low incomes will often receive an extra 10 or 20 per cent above an even split because it’s assumed a high-earning man will gain more from future earnings.
But as prominent Sydney family law practitioner John Barkus says, this takes for granted that the man’s high income will continue.