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One-Third Of Us Financially Cheat On Our Partners

If youโ€™re guilty of hiding Amazon packages from your partner or being sneaky about those trips to Target, youโ€™re not alone. Going behind your S/Oโ€™s back and spending money they wouldnโ€™t approve of is something known as โ€œfinancial infidelityโ€ and more than 30% of Americans say theyโ€™ve done it.

This also includes withholding secret accounts, cards, and debt from your partner.ย Ted Rossman, a senior industry analyst for CreditCard.com suggests thereโ€™s an underlying issue at play: a lack of trust and communication. โ€œIt can really undermine trust if youโ€™re keeping secrets,โ€ he says.

Couples agree that financial infidelity is a pretty bad thing too. More than half of the adults surveyed said that itโ€™s just as bad, if not worse than physical cheating.ย Here are the top reasons why adults are dishonest about their finances with their partners.

  • A third never felt the need to share their finances
  • 30% have a desire to control their own finances or maintain privacy around money
  • 25% are embarrassed about the way they handle money

The survey also found that itโ€™s actually pretty normal for most adults in committed relationships to keep some of their finances separate โ€“ married or not.

  • More than half of couples keep at least some separate financial accounts
  • 34% have both joint and separate accounts
  • 23% keep everything completely separated

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