A new study by the National Endowment for Financial Education and Forbes.com shows that three in ten married Americans commit “financial infidelity” by lying to their spouses about income or expenditures. These betrayals lead to serious marital difficulties: in 27% of such cases, the partners end up separated or divorced. Meanwhile, a big majority of the couples who manage to stay married still say that keeping secrets about money seriously damages trust within the marriage. Since most Americans devote so much of their time to earning a living, managing their money and paying bills, financial lies can prove nearly as devastating as romantic betrayals. Financial challenges, no matter how stressful, can bring couples together when they face them together, but hiding assets or expenses can drive them apart, no matter how fortunate their balance sheets.
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