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Financial Woes Causing Marital Rifts

Low-income couples face more financial-related relationship stress than those of other income tiers, according to a recent survey by LendEDU, with 51.66 percent saying finances are the single most stressful facet of their relationship.

Only 47.46 percent of middle-income earners said finances were the most stressful factor in their relationship, and for high-income earners, the number was even less—just 42.86 percent.

The survey also found that financial stress was more common with married couples than those simply in a committed relationship. More than 52 percent of married people said they consider finances the most stressful facet of their relationship, while only 45 percent of unmarried, committed couples say the same.

The survey also found stark differences between genders. More females (39.75 percent) believe their significant other is bad at managing money than males (29.5 percent). Additionally, females tend to be less confident in their significant other’s spending habits; just 55.5 percent of women believe their significant other spends money wisely, while 70.75 percent of men believe it.

“Two different statements could be made after analyzing this question,” LendEDU’s report stated. “It could be true that women spend money more wisely, or men spend money less wisely. Alternatively, it could be true that women are more critical of spending habits, or men are less critical of spending habits.”

Surprisingly, a large portion of both genders believe honesty about finance is more important than honesty about fidelity. In fact, 36 percent of men feel that way, while 28.5 percent of women do.

LendEDU’s Relationships and Personal Finance Survey polled 800 individuals in “significant” relationships—50 percent married and 50 percent unmarried. It was also split 50-50 between genders, and surveyed individuals in all income tiers: low-income ($0 to $49,999), middle-income ($50,000 to $99,999), and high-income ($100,000 to $150,000-plus.)

To view the full results of LendEDU’s survey, visit LendEDU.com.

 

About Author: Aly J. Yale

Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more.
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