Sunday, March 29, 2020

Couples Would Rather Talk Money Than Dating Histories

Must read

Financial Package On The Way For Self-Employed

Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last...

Support For Dropping Helicopter Cash Takes Off

The time for more governments to consider dropping helicopter money on households trapped in dire financial straits due to the coronavirus outbreak is with...

How Coronavirus Is Impacting The Climate And How We Work

Coronavirus will change the way we live and do business, according to a technology expert. Up to now, the technology has been available but not...

Cost Of Living Overseas Is A Shock For Expats

The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking...

Three out of four people in a couple would rather tell their partners about their finances before they met rather than their dating history.

That’s the result of a new survey into relationships and debt. The research also found just under half of people did not feel responsible for helping their partners with pre-relationship debts and a third expected their new partners to help pay off what they owed.

While around 40% thought their partner’s debt negatively impacted the relationship.

Most couples (70%) agreed they generally communicated at least very well with their partner– and a quarter felt they communicated exceptionally well. Another two-thirds indicated that they discussed at least some aspects of their finances at least monthly.

Despite this, the survey for US financial firm Fidelity Investment did see some room to improve communication between couples worried about debt.

Problems couples have with debt

The survey also dug deep into the emotions couples had about their finances, and highlighted: Source: Fidelity Investments

“Debt can often feel like a burden, and those presently concerned about debt also are more inclined to identify money as their biggest relationship challenge,” said the 2018 Fidelity Investments Couples & Money Study.

What else do couples disagree over?

Besides debt, the researchers found couples have a host of other disagreements or misconceptions about each other.

One in five could not even agree how long they had been a couple.

Other conflicts were:

  • 15% did not know their partner’s employment status
  • 34% had no idea how much their partner earns
  • 43% disagree over their planned retirement age
  • 54% argued about how much they should have saved for retirement, with 49% admitting they had no idea how to work out how big their retirement pot should be
  • 20% could not agree where to keep financial and legal documents, while 30% rowed about if their partner should have shared access to the document store
- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Financial Package On The Way For Self-Employed

Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last...

Support For Dropping Helicopter Cash Takes Off

The time for more governments to consider dropping helicopter money on households trapped in dire financial straits due to the coronavirus outbreak is with...

How Coronavirus Is Impacting The Climate And How We Work

Coronavirus will change the way we live and do business, according to a technology expert. Up to now, the technology has been available but not...

Cost Of Living Overseas Is A Shock For Expats

The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking...

Spending Cash Is Becoming A Thing Of The Past

The days of handing over cash could be numbered as the economy is in a shift to digitisation, warn campaigners.