RE: Romance & Personal Finance? Deception, Secret Accounts, Gender Views

Hey Brandee,

Can you believe that 23.08% of high income individuals reported to have a secret credit card or bank account used to spend money?

Would love to get your feedback on our new survey: Relationships & Personal Finance - Survey & Report

We surveyed 800 individuals that are currently married or in a self described "significant relationship." From our own experience, we know that love and finance is a tricky concoction. And in our research, we found that there is a surprising number of hidden bank accounts, secret spending, and stress.

Would you be willing to share the results of our survey with your readers?

Best,
Nate Matherson

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Nate Matherson
Co-founder & CEO of LendEDU

Email: nate.matherson@lendedu.com
LendEDU.com

Read More About LendEDU:
LendEDU Is Making Student Loan Refinancing Easier @ TechCrunch
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits @ New York Times

On Thu, Feb 09, 2017 10:42 am, Nate Matherson wrote:

Hi Brandee,

Would you say that honesty about personal finances is more important than honesty about fidelity? Guess what proportion of married individuals have a secret credit card or bank account?

Ahead of Valentine's Day we released a new survey and report: Relationships & Personal Finance - Survey & Report

Ahead of the big holiday, we thought it would be interesting to survey 800 individuals that are currently married or in a self described "significant relationship". In our survey, we asked individuals 20 different questions related to managing finances as a couple. '

Here are the core themes:

- Higher Income Equals Less Stress But More Deception
- Males and Females View Spending and Saving Differently
- Financial Stress Increases After Marriage

What do you think? We would love for you to review our full survey and report. I am happy to answer any questions related to methodology or data.

Best,
Nate Matherson

----------------

Nate Matherson
Co-founder & CEO of LendEDU

Email: nate.matherson@lendedu.com
LendEDU.com

Read More About LendEDU:
LendEDU Is Making Student Loan Refinancing Easier @ TechCrunch
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits @ New York Times

Full 19-Question Survey ResultsQuestions #1 - #13 Asked to All Respondents

1. Would you say that honesty about personal finances is more important than honesty about fidelity?

a. Yes - 32.25%

b. No - 67.75%

2. Do you know your spouse or committed partner's credit score?

a. Yes - 69.88% 

b. No - 30.13%

3. Would you say that financially savvy partners are more attractive?

a. Yes - 52.88%

b. No - 47.13%

4. Do you talk about financial goals and values with your spouse or committed partner?

a. Yes - 89.38%

b. No - 10.63%

5. Do you think your spouse or committed partner is bad at managing money?

a. Yes - 34.63%

b. No - 65.38%

6. Have you ever hidden purchases from your spouse or committed partner?

a. Yes - 31.25%

b. No - 68.75%

7. Do you consider finances to be the most stressful facet of your relationship?

a. Yes - 48.88%

b. No - 51.13%

8. Do you wish that your spouse or committed partner saved more money?

a. Yes - 64.13%

b. No - 35.88%

9. Do you think your spouse or committed partner spends money wisely?

a. Yes - 63.13%

b. No - 36.88%

10. Do you avoid talking about personal finances in your relationship?

a. Yes - 12.50%

b. No - 87.50%

11. Do you argue about finances on a regular basis?

a. Yes - 20.13%

b. No - 79.88%

12. Are you aware of how much debt, if any, your spouse or committed partner is in?

a. Yes - 84.25%

b. No - 15.75%

13. If your spouse or significant other had significant financial problems such as credit card debt or bankruptcy, would you leave the relationship?

a. Yes - 5.75%

b. No - 94.25%

Questions #14 - #17 Asked to Only Married Individuals

14. Before getting married, did you talk you regularly talk about money with your spouse or partner?

a. Yes - 66.67%

b. No - 33.33%

15. Have you ever withheld information from your spouse or partner regarding spending on discretionary items, such as apparel, accessories, electronics and entertainment.

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a. Yes - 37.76%

b. No - 62.24%

16. Do you have a secret credit card or bank account used to spend money without telling your spouse or partner?

a. Yes - 10.49%

b. No - 89.51%

17. Do you have a joint checking account, or do you maintain separate accounts?

a. Joint checking account - 69.46%

b. Separate accounts - 30.54%

Questions #18 - #19 Asked Only to Unmarried Individuals in Significant Relationships

18. Do you believe that it is important to talk about personal finance and your financial history before marriage?

a. Yes - 93.80%

b. No - 6.20%

19. Do you help each other manage personal finances? Including help with budgeting, savings, investing, etc.

a. Yes - 92.18%

b. No - 7.82%

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