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Post-recession, couples are smarter about money

Although the recession has positively impacted financial openness in marriages, couples continue to fight about the almighty dollar.

By MSN Money Partner Jun 6, 2014 12:19PM

This post comes from Krystal Steinmetz at partner site Money Talks News.


Money Talks News on MSN MoneyAmerican couples are a little wiser now when it comes to dealing with personal finance matters. It appears to be the silver lining of the Great Recession.


Couple with laptop © CorbisMore than 80 percent of couples married after the recession said they discuss financial goals with their spouse at least once a month, CNN Money said. Before, it was 65 percent.


Money has long been a major reason many marriages fall apart. But in the wake of the most recent recession, many couples have learned to tackle their financial issues head on.

Couples reported discussing the cost of any purchases totaling $256 or more, on average. Before the recession, couples said they would spend $1,000 or more without ever talking to their spouse.


The recession seemed to spur a certain financial openness that didn't exist before. But it appears that generational differences also come into play. For instance, about 70 percent of Generation Y (the Millennials) discussed building a nest egg before tying the knot. Compare that with 50 percent of Generation X and 45 percent of the baby boomers, CNN Money said.


Although the financial openness of post-recession couples is promising, married couples continue to fight (a lot) about money issues. According to The Huffington Post:

Survey results showed that 70 percent of couples argued about money more than household chores, togetherness, sex, snoring and what's for dinner.
So what exactly are those financial fights all about?
Couples cited frivolous purchases, household budgeting and credit card debt as the biggest sources of friction.

When it comes to earning a paycheck, husbands said they're happiest when their wives can bring in the same salary or even more money than they do, HuffPo said.


Have you changed the way you handle your personal finances post-recession?


More from Money Talks News

7Comments
Jun 8, 2014 11:29PM
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POST-recession???

Sorry, too many are still hurting for you to declare the recession is past us.

Jun 6, 2014 12:57PM
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Well don't trust what anyone says, trust what you can see with your own two eyes.
Jun 9, 2014 9:26AM
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Once you fall into a financial hole, it's difficult to climb out.

All of the advantages that are given to people who are faring well are usually not available to those who are hurting and need those advantages even more.

Many in my generation will never trust large financial institutions, mega-corporations, or big money politics. We're aware of the corruption. Washington is for sale (at least 99% of it is).

Jun 9, 2014 3:35PM
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Post recession LOL one of the biggest lies ever sold to America.
Jun 6, 2014 9:34PM
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People have become more conservative about spending but have not become smarter about what to do with the extra savings they have.  We've just hit a generation-long low in the percentage of people with stock investments.  Most Americans have had no part in the tremendous rise in stocks since March, 2009.

And look at the cars and trucks Americans are buying.  Often a lot more vehicle than needed for more money than necessary and burning more gas.  For short trips on 55 mph roads, I try to stay in the 60-62 mph range with my 31 mpg car.  People with huge trucks and SUV's come flying by, effectively raising their cost of gas from $3.599/gal. to $4+/gal. to save a couple minutes drive time as speeds about 60 steeply drop mileage.

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