Grey divorce has a significant financial impact on women, Monash University researcher says

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Grey Divorce News

Separation,Financial,Monash University

Gail Cocksedge says she has built 'a beautiful little nest of people' around her since her husband left her 40 years ago. She is glad she was younger when they separated, given the financial impact.

Gail Cocksedge has an enviable retirement — she lives in a waterfront apartment on the Gold Coast and leads a busy social life, frequently catching up with family and friends.

She was eventually able to buy her own home at 45 and worked as an operations manager for an international jewellery company.Figures show she is right. "Many of these women are facing housing stress and homelessness in later life, often for the first time and often it's because of some life shock which has put them into this position — and very often it's divorce or separation," Ms York said.

Dr Neves said creating strong social relationships was also key to overcoming the challenges of divorce.

 

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