With Valentine’s Day still fresh in our minds, the perennial personal finance survey that grabs headlines is about financial infidelity.
This year’s version from Bankrate finds that “23 percent of Americans in relationships are keeping a money-related secret from their significant other” and “39% have been financially unfaithful,” defined as having a secret credit card account, stashing money in a hidden checking or savings account, amassing undisclosed debt or spending more than a partner would be OK with.
In my experience, many who keep financial secrets struggle with honesty because they are either ashamed of their actions, scared that their partners will lose it upon discovering the news, or