What causes financial disagreements between partners?
According to a recent report from Ameriprise Financial, finances are no longer a deal-breaker for many American couples with over three-quarters, 77%, of couples reporting they are on the “same page” with their finances.
Most couples still have arguments about finances, however. While 82% of couples said they worked hard to quickly resolve financial disagreements, 31% said they argued about money at least once a month. The most common sources of disagreement, according to the study:
– Major Purchases
– Children where their children were involved.
– Partner Spending Habits
– Investment decisions
Of the couples who disagree about finances, 40% said that a financial advisor helped them make financial decisions regarding sensitive subjects where tension might have otherwise been created.
For more on this research into love, money and happiness, check out our article this Thursday.