Sadly, statistics reveal that more and more couples in their 50s and 60s are ending their marriages. This is such a prevalent occurrence that it has now been dubbed “gray divorce.”

In many instances, the wife has spent the marriage as a stay-at-home mother, also providing emotional support for her professionally busy spouse. Very often, in gray divorce, the wife is the identified victim, suffering long-term post-divorce financial struggles. Many of the women in these divorce situations have limited work skills and limited education. Their ability to grab good-paying jobs after divorce is fairly non-existent. Lack of education and job experience work against them, as well as their age.

A level of naivety is also seen among women in their 50s and older. For most, if [...]