Money's Role in Relationships
Lede
Financial dependency is the main reason why 23% of couples are staying together, according to a report by LendingTree.
Summary
- Money plays a significant role in most relationships.
- Better financial footing and a higher credit score make couples less likely to break up in the first few years of a committed relationship.
- Men and women are more financially sound in a relationship, according to a Pew Research study.
- There is no right or wrong way for couples to manage their assets, as long as they are on the same page.
- About 62% of couples who are married, in a civil partnership, or living together share at least one account, and 41% completely combine funds.
- Co-mingling an account may lead to fewer fights about money, according to LendingTree.
- 58% of those who share at least one bank account said they stayed together after a financial argument, compared to only 47% of those who don’t have a shared account.
- Francis recommends "financial date nights" to discuss savings goals, big expenses, and future plans.