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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Ted Beck

Financial infidelity common in America, poll shows

Posted by RJ and Makay on Jan 13, 2011

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Financial InfidelityAbout three in 10 Americans commit "financial infidelity" — lying to their spouse about money — reveals a new survey conducted by Forbes.com and the National Endowment for Financial Education. Financial infidelity can have serious consequences including separation or divorce, the survey confirms. "[It] may be the new normal," Forbes.com adds.

In the survey, an online poll of 2,019 American adults, 31% of couples with combined finances admitted deceiving each other about financial issues such as hidden cash, a secret bank account, debt, or earnings. A third of respondents said they've been deceived about money. There was no gender difference in the likelihood of lying to a spouse about money.