• 13
  • January
    2011

An article in Reuters today highlights the increasingly common practice of "financial infidelity" in U.S. marriages. Financial infidelity, or lying to one's spouse about money, can put a strain on a marriage, sometimes leading to divorce. The Reuters piece discussed the results of an online poll of 2,019 adults that was commissioned by Forbes.com and the National Endowment for Financial Education and which was carried out by Harris Interactive.

The poll results were released on Thursday and found that 31 percent of American couples with combined finances have lied about the amount of debt they have or earnings made or have hidden money from their spouse. According to Reuters, one third of those polled also said that they had been lied to about money.

Respondents reported significant damage to relationships from the lies, including divorce. For example, if a spouse lied about how much debt they had and then the couple had to file for bankruptcy, the surprise of it could also lead to a separation or divorce. Similar relationship problems could develop over hidden bad credit.

According to Reuters, 16 percent of respondents who reported financial infidelity in their relationship said that it had led to a divorce and for eleven percent there was a separation. Forty-two percent who had experienced financial infidelity said that it led to a lessening of trust in the relationship. Not everyone got divorced, but a whopping sixty-seven percent reported that the financial infidelity caused at least an argument.

Source:

Three in 10 Americans commit financial infidelity? (Reuters)