Personal Finance

Love and Money: What Statistics Say

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Don’t Be So Obsessed With Money (Or Marry Someone Who Is)

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Those who say that money isn’t important to them tend to have better relationships.

In a recent study, those who said money isn’t important to them “score about 10 to 15% better unmarried stability and other measures of relationship quality than couples where one or both are materialistic.”  ”Couples where both spouses are materialistic were worse off on nearly every measure we looked at,” said Jason Carroll, a BYU professor of family life and lead author of the study. “There is a pervasive pattern in the data of eroding communication, poor conflict resolution and low responsiveness to each other.”

On the other hand, when both partners are materialistic, they are better off financially – but money is a bigger source of conflict for them.

Source: Brigham Young University. “Can’t buy me love: Study shows materialistic couples have more money and more problems.” Science Daily (Feb. 8, 2012)

Next: Perhaps Money Can Buy Love »

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