Liar, liar, pants on fire!
Fully 40 percent of Americans ages 25 to 55 who are in committed relationships say honesty about finances is more important than honesty about fidelity.
And still, they lie--or fudge the truth.
Fully 30 percent admit they have withheld information from their spouse or partner regarding spending on discretionary items, such as apparel, accessories, electronics and entertainment.
Perhaps the biggest lie of all is the amount of money we make. Men are nearly twice as likely as women to say that they have withheld information from their spouse or partner regarding their salary (11 percent vs. 6 percent).
That's the word from the 2011 Lawyers.com Couples & Money Survey that was conducted by Harris Interactive among 949 U.S. adults.
While nearly all Americans in committed relationships (91 percent) agreed it is important to discuss their partner's financial history before marriage, 26 percent admit they tend to avoid talking about finances.
We know we need to do better when it comes to managing our money. According to the Lawyers.com survey, if we could go back in time, these are the changes we would make:
- 64 percent would put more money into savings.
- 49 percent would spend money more responsibly.
- 46 percent would put more money into retirement accounts.
- 36 percent would put more money into investments, such as stocks, bonds and mutual funds.
- 21 percent would discuss financial goals and expectations earlier in their relationship.
- 10 percent would be more honest with their spouse or partner about their spending.
--From the Editors at Netscape