Financial Infidelity

Patricia Seaman

This article, entitled "Financial Infidelity," is presented by the nonprofit National Endowment for Financial Education.

Financial infidelity is a common problem in relationships and can cause a lot of confusion and mistrust.

Suspicious partners may find hidden pictures, emails or even lipstick-stained collars to indicate marriage infidelity — but a survey recently conducted by the National Endowment for Financial Education (NEFE) and Harris Interactive reveals that financial deception is an issue just as significant among couples. Three in 10 (33%) coupled Americans admit to lying to their partner about their finances, according to the latest survey from NEFE.

The NEFE survey pinpoints the top three sly tactics that people use to cheat on their partners financially:

  • 30 percent have hidden a bank or credit card statement or a bill,
  • 17 percent hid a purchase, and
  • 17 percent hid cash from their significant other.

And from arguments and mistrust to in some cases divorce, the survey finds that 76 percent say financial deceptions had an effect on the relationship.

In the video below, Patricia Seaman, Senior Director at National Endowment for Financial Education offers some helpful suggestions on the topic.



About the National Endowment for Financial Education
NEFE is an independent nonprofit organization committed to educating Americans about personal finance and empowering them to make positive and sound decisions to reach financial goals. For more information, visit www.nefe.org.



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