FINANCIAL INFIDELITY

(February, 2018) Financial infidelity is rampant in America. A poll by the National Endowment for Financial Education, a national nonprofit aimed at increasing Americans’ financial know-how, finds that nearly two in five couples cheat on their significant other when it comes to finances. That’s up from one in three a few years ago.
– Over one third (39 percent) have hidden a purchase, bank account, statement, bill or cash from their partner or spouse.
– 16 percent say they have committed more severe deceptions, like lying about the amount of debt that they owe or even the amount of income that they earn.
– One in three of us believe some aspects of our finances should remain private, even from their spouse or partner.
– One in four are embarrassed or fearful about their finances and don’t want their spouse/partner to find out.
* This’ll be fun to talk about over dinner tonight.
* These are the numbers people admitted to, so count on the actual number of cheaters to be at least double.
* What does the National Endowment for Financial Education know about money if they’re a non-profit?
* Are they trying to increasing Americans’ financial know-how or Americans’ divorce rate?
* PHONE TOPIC: Have you made a large secret purchase? What was it?