New survey shows shocking number of couples

According to the new study, one in three Americans (32%) uncomfortable discussing their financial situation in their relationship.

A survey of 2,000 Americans in a romantic relationship, including 500 cross-border relationships (which means they currently have a partner living in another country) found that those who are uncomfortable talk to important people, almost half of them (44%) are concerned that discussing the financial situation in their relationship will lead to disagreement.

This is understandable because the average couple surveyed reported 58 money-related arguments each year. Differences are more common for people with cross-border relations, with an average of 72 arguments per year, compared with 53 couples living in the same country.

The study conducted by Talker Research on behalf of the international currency app Wise shows that young couples are also more likely to have disagreements about money – millennial respondents report about six arguments per month, while baby boomers are babies Three arguments of the Tide Generation.

Of all respondents, the argument was most likely to focus on the “necessity” to spend each month (43%) and how much it would cost on “non-essential projects” such as streaming subscriptions and holidays (36%) because it should How much money is saved (34%).

However, the potential to initiate a debate is not the only reason respondents say they talk to their partners about finances.

For these respondents, almost one-third said these conversations were difficult because they had different ideas about the amount of spending and savings (32%), while one-quarter (26%) thought their partner was paired Money is not as responsible as they are.

Among those with partners in another country, 27% also noted that conversations may feel uncomfortable because culturally, their attitudes towards money are different.

Although it is relatively common to talk about money, being consistent with your partner’s financial situation is important for many respondents. One in five (82%) Americans surveyed believe that couples with similar philosophies about money are crucial to healthy relationships.

Nevertheless, only 69% of the people surveyed had similar financial philosophy to their partners.

“From cultural differences to personal preferences, how we manage finances is personal, depending on how we see the world and what we value the most,” said Ankita D’Mello, chief product manager at Wise. “But doing money with a romantic partner Dialogue is important for building a common financial future.

“By understanding your partner’s attitude toward money or working together to find tools and fund management techniques that play a role in your relationship, couples often turn challenging conversations into opportunities to grow with them.”

How long does it take for couples to talk about their financial situation in their relationship, and it may also be affected by their living conditions. For example, 42% of couples in cross-border relationships believe that they have more discussions than couples living in the same place.

This is perhaps why respondents of partners who live abroad almost say they need to talk more about money with their partners (73% vs. 37%).

Asked about the most difficult thing they found to manage funds with partners living in another country, respondents said the most important question was to stay aware of the currency conversion rate (36%).

Immediately afterwards, if they (or their partner) need to send money to someone else (35%), find out the best tools (36%) to use when sending out or collecting money (36%) and deal with it Remittance fee.

“For couples in a cross-border relationship, the basics of splitting finance with partners can become unnecessaryly complex and expensive – from sending money and receiving money to paying bills in multiple currencies,” he said. D’Mello added. “To remove this increased pressure in their relationship, it is crucial for cross-border couples to find financial tools that specifically meet their international monetary needs.

“Just like in any healthy relationship, transparency is key, which is why it’s important to seek providers that pay upfront to avoid any unexpected allegations.”

Why do some respondents feel uncomfortable talking about money with their partners?

• I’m worried about causing disagreement – 44%
• We have different ideas about how much we spend and how much we save – 36%
• I believe I’m more likely to be responsible for money than my partner – 26%
• I’m worried that my partner will judge my financial habits – 18%
• I’m worried about my debt and don’t want to discuss – 17%
• My partner has more money than I do – 16%
• Culturally, we have different attitudes to money – 15%

Investigation method:

Talker Research conducted a survey of 2,000 Americans (dating, engaged or married), with 500 in cross-border relationships. The survey was commissioned by Wise and managed and conducted online at Talker Research from January 9 to 22.