While almost two in five (38%) said their divorce was not amicable, 55% said they were happier as a result. The research also suggested that men are more likely to meet someone else, while women are more likely to travel, get a job and enrol on a course, post their split.
- Nearly four in ten (38%) met someone new (52% of men, compared to just 28% of women).
- More than a third (36%) reported a new lease of life - three in ten (30%) pursued new activities.
- 35 per cent travelled on their own or with friends or family (45% of women travelled with friends or family post-divorce, compared to just 24% of men).
- 27 per cent reported financial independence.
- 26 per cent got a new job (30% of women, compared to 19% of men).
- 26 per cent redecorated the house.
- 25 per cent met up with friends or family they’d lost touch with.
- 24 per cent took up a new hobby (28% of women, compared to 18% of men).
- 15 per cent signed up to a dating agency (18% of men, compared to 13% of women).
- 14 per cent enrolled on a course (20% of women, compared to just 6% of men).
Andrew Baddeley-Chappell, Nationwide’s Head of Savings for Mortgages & Savings, commented: “Divorce is clearly a major step that should never be undertaken lightly, and this research highlights the impacts on those who have gone through the process in later life, including some concerning figures on the level of advice sought and the financial impacts on one or both parties. Many had to sell the family home, downsize or move into rented accommodation, and the majority were left worse off, with women in particular saying they struggled financially.
“Keeping on top of finances and seeking appropriate advice before, during and after divorce can help to minimise some of the stress of the process. However, for some, there may yet be a silver lining, as our research suggests that, parting in later life can bring increased happiness, new interests and maybe even another chance at love.”