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When thinking about failed relationships, issues like infidelity or incompatibility likely come to mind. But as a new national survey produced by Edelman Intelligence points out, money plays a larger role in breakups than you might think. In fact, 59% of the divorcees surveyed said that finances played a role in the demise of their relationship, with 20% citing "financial conflict" as a key factor behind their divorce. The online survey interviewed 500 American adults between November 2 and November 15, 2016.
MindBodyGreen reasons that couples don't necessarily talk finances in the "getting to know each other" stage of relationships. "What people tend to forget (or don't realize to begin with) is that the way you deal with money is a big part of your lifestyle," they write. "But, unlike how you spend your weekends or whether or not you like cats, your financial habits aren't something it's easy to discover in the course of a dating relationship." On the other hand, successfully married couples were more likely to have discussed the following five financial issues before tying the knot:
- Credit score
- Income bracket
- Student loan debt
- Bill payment history
- Long-term financial goals and retirement savings plans