Divorce and your retirement savings
The COVID-19 pandemic has sent global divorce rates soaring by up to 30% over the last year, adding to the life-altering trauma that many families have experienced as a result of the virus. Even though some estimates suggest that over 40% of marriages end in divorce, most couples aren’t prepared for the range of challenges that may arise when filing for divorce. In addition to its emotional impact, the decision to get a divorce often has significant long-term financial implications for both parties. Jaya Leibowitz, senior adviser at Allan Gray, joins Kaya Bizz to talk about what divorce means for your retirement savings.