Home Lifestyle Brits think dishonesty on money matters in relationship is 'deal breaker'

Brits think dishonesty on money matters in relationship is 'deal breaker'

0


While 20 percent of us who uncover their loved-one’s lies about money are ‘cash deserters’ … as they end up demanding a divorce. A study by Ashley Madison has found 20 percent of us feel dishonesty on money matters is a relationship “deal breaker”. Overall, 20 percent of UK adults suspect their husband, wife or partner hides money from them with 10 percent discovering a secret, major purchase.

While one in ten have also found an illicit bank account or credit card which was set up without their knowledge.

It also emerged one in three would rather find out their partner was having an affair than not being transparent about financial matters.

Over half the 2,496 adults in the research for married dating site Ashley Madison said they had confronted their spouse over secret money dealings.

Psychotherapist Lucy Beresford said: “Money represents emotional supplies which is why as an aspect of a relationship it affects us psychologically.

“This also explains why we find a betrayal around money or cash or accounts carries the same potency as an emotional infidelity.

“Coupled with this, we know that secrets in a relationship have a major destabilising effect.

“So the combination of a secret which is to do with finances can increase the impact of any revelation.

“That explains why for so many, financial infidelity can feel even worse than any other kind of betrayal.”

The consequences of “financial infidelity” are often incredibly severe for those involved, according to the study.

Almost one in three said it had left them in serious debt, while one in six were forced to take out a loan to repay money blown in secret spending sprees.

A similar number were left to borrow money from friends and family and 10 percent had to use their savings to bail themselves out of the mire financially.

Another 13 percent said the consequences affected money left to spend on their children’s education, while four percent even had to sell their home.

Christoph Kraemer of Ashley Madison added: “Many couples today are facing increased financial pressures and uncertainty.

“Therefore trust in that arena is a must according to our members.

“For most people who come to our site, marriage is less of a fairy tale and more of a pragmatic partnership where things like money play a huge role in the quality of life they can build together as a couple and for their family.

“If that trust is tarnished and financial mistakes are found out, there can be real consequences to the household in their view.”



LEAVE A REPLY

Please enter your comment!
Please enter your name here