Divorce Finance: Money Management Tips For Women (VIDEO)

Personal finance expert Jean Chatzky, host of RLTV’s “Cash Call,” dedicated Tuesday’s episode of her half-hour call-in show to divorce over 50. She talked to The Huffington Post about how women in particular can avoid the financial fall-out that may accompany a marriage’s demise — as well as the biggest mistake that she says women often make during divorce.

Couples over 50 are divorcing at a higher rate than ever. What’s different about divorcing later in life today?
I think what we’re seeing is a shift overall in how devastating divorce has to be. There used to be a perception that if you’re a woman and you get divorced, that was sort of a death sentence financially. Now, because of the trajectory of women in terms of their earning power, it’s not such a death sentence. [Over the past three-four years], women’s income has gone up about 2.9 percent. Now, it’s not as much of an increase as we’ve seen in men, but it’s not like it’s fallen off a cliff either.

Read More: The Huffington Post