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.
This post comes from Krystal Steinmetz at partner site Money Talks News.
American 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.
More 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
Sorry, too many are still hurting for you to declare the recession is past us.
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).
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.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Cheap LED light bulbs cost more upfront -- between $8 to $10 apiece -- but begin to pay off within 18 months.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'