Over fifties finding their financial feet post divorce

Jo Robinson

Rising divorce rates amongst the over 50s in England and Wales mean an increasing number of middle-aged men and women are having to take financial control for possibly the first time in twenty years - or in some cases their lives - according to new research from Tesco Bank.

2009 ONS figures reveal that more than 50,000 over-50s got divorced - a rise of 10% compared with 1999, and the new research from Tesco Bank shows that gaining financial independence is a major challenge.