These are just a few of the news stories inspired by National Endowment for Financial Education’s February 2016 study on financial infidelity.
To Love, Honor and Share a Credit Card Statement
It’s wedding season and as many couples get ready to say their vows, they may want to have a talk about fidelity — financial fidelity. A study by Harris Poll for the National Endowment for Financial Education finds that two in five Americans who have combined finances admit to lying to their partner or hiding information about money matters. And it’s on the rise — 42 percent of those surveyed admitted to financial infidelity compared to 33 percent just two years ago… Read more.
Source: ABC News | Sarah Skidmore | May 25, 2016
Wall Street Journal
How to Stop Spouses From Cheating on Each Other Financially
You’ve probably heard about financial infidelity–partners or spouses hiding or lying about purchases, bills, debts, how much they earn, bank accounts and cash. There’s a good chance you’ve had personal experience with it. New data show it’s getting worse. Two-thirds of adults in relationships combine finances with their partner, according to a January Harris Poll from the National Endowment for Financial Education. Of those, 42% of Americans are committing financial infidelity in 2016 compared to 33% just two years ago… Read more.
Source: Wall Street Journal | Ted Beck | February 8, 2016
New York Times
Tips on Recovering From Financial Infidelity
Financial infidelity — lying about or hiding money — can cause major problems in a relationship. The National Endowment for Financial Education has a few tips on how to deal with these issues… Read more.