Numerous studies suggest that women often defer to their spouses or partners when it comes to making long-term financial decisions, a choice that can put them at a distinct disadvantage in the event of divorce or death of a spouse and significantly interrupt a woman's financial path.

While divorce rates for younger couples are steady or declining, research shows that late-life divorce is rising.

According to Stats NZ, people are divorcing later in life, and it can have serious implications for their finances, especially for women who defer to their spouses to manage critical, long-term financial decisions.

In 2017, the

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