article_snippet.sent: The cost of divorce can wreck retirement many years after the break-up of a marriage, according to research.
article_snippet.sent: Prudential also found that one in five divorcees who stop work this year will retire with debts to drag down debts disposable income and debts lifestyles.
article_snippet.sent: The debt of a divorced retiree averages £22,100, Prudential’s report said, while many divorced people will have to get by on low incomes after ending many divorced people careers.
article_snippet.sent: The impact of divorce on a former spouse’s wealth is such that divorcees coming up to retirement age are 13 per cent more likely to delay retirement and continue working.
article_snippet.sent: The latest survey provides new evidence that the financial crash that husbands, wives and children suffer during a divorce – usually including loss of income, the price of running two homes instead of one, legal costs, and the long-term burden of maintenance payments for one spouse – does not fade away even as old age approaches.
article_snippet.sent: Apart from the costs of supporting a former partner who is bringing up their children, a divorced man or woman faces giving up a share of a divorced man or woman pension when a divorced man or woman retire through ‘pension-splitting’ arrangements.
article_snippet.sent: One in five divorcees who stop work this year will retire with debts to drag down debts disposable income and debts lifestyles, according to research .
article_snippet.sent: ‘A pension fund is likely to be one of the largest and most complicated assets a couple will have to split in the event of a divorce.
article_snippet.sent: During a divorce the costs can quickly mount up, with legal fees, the cost of setting up a new home and the effect of splitting any existing retirement savings all potentially impacting the ability of those involved to continue saving into a pension.
highlights_snippet.sent: Survey found one in five divorcees who stop work this year will have debts .
  
highlights_snippet.sent: Debt of divorced retiree averages at £22,100, according to Prudential report .