Couples Talk About Money Before Marriage…Or Not
Image: Vadim Ponomarenko
Several surveys tried to uncover whether couples talk about money before marriage. But the results don’t paint a clear picture.
• 86 percent of those who either got married in the past five years—or plan to get married in the next 12 months—say they plan on talking about money and their financial situations prior to the wedding. Source: Online survey commissioned by the National Endowment for Financial Education (NEFE) and conducted by Harris Interactive in May 2011
• Nearly all Americans in committed relationships (91 percent) agree that it is important to discuss their partner’s financial history before marriage, yet more than one quarter (26 percent) admit they tend to avoid talking about finances. Source: 2011 Lawyers.com Couples and Money survey
• An American Express survey found that only 43 percent of the general population talked money before marriage, but the number rises to 57 percent for affluent couples and jumps to 81 percent for young professionals. And twelve percent of the general population says they’ve never talked about money with their spouse. How they manage that is definitely unclear. Source: American Express Spending & Saving Tracker, June 2010
• And one more: A COUNTRY Financial survey found that only 51% of couples discussed how they would manage their money before tying the knot. Source: COUNTRY Financial survey May 2011