AAP General News (Australia)
02-01-2007
NSW: Senior divorcees suffer financial hardships
A landmark study shows Australians aged between 55 and 74 are still suffering the financial
effects of marriage breakdown.
The Australian Institute of Family Studies has found that middle-aged divorcees are
on average worse-off than their married peers who've stayed together.
Fairfax newspapers report the research shows that remarriage can improve finances of
those who were previously divorced .. but the rates of home ownership in later life are
much lower than among couples who hadan't divorced.
The study's based on a sample of around 22-hundred people aged between 55 and 74.
The study reveals home ownership is the biggest financial advantage enjoyed by never-divorced
couples.
Even when divorcees remarry only 57.8 per cent of men and 68.1 per cent of women finish
up owning their own home.
AAP RTV krc/tm
KEYWORD: DIVORCE (SYDNEY)
2007 AAP Information Services Pty Limited (AAP) or its Licensors.
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