12 Overlooked Financial Reasons Why Marriages Fail
Money seems to affect relationships whether people admit it or not. A recent survey by Experian found that 59 percent of divorced people said financial problems played a role in the breakup of their marriages. There's one common theme among couples whose finances cause marital strife: a lack of communication. Need more specifics? Here are 12 of the most common financial pitfalls of failed marriages.
The finer points of 401(k)s and Roth IRAs don't make for easy conversation. But knowing your partner's financial plans before tying the knot seems to correlate with a successful marriage. Compared with divorced individuals, people who were still married were twice as likely to have shared this information.
About half of women and 42 percent of men reported that their credit scores declined before their marriages ended. The problem might stem from not discussing how to use credit as a couple: 85 percent of people in successful marriages reported having conversations about credit versus just 21 percent of divorced people.