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article imageArguing about money a top predictor for divorce

By Kathleen Blanchard     Jul 14, 2013 in Business
If you find yourself in a financial argument with your spouse, you just might be headed for divorce, finds a new study. Couples who argue amount money matters, especially early in a relationship, are predictably more likely to divorce later.
The finding that comes from University of Kansas researchers found both men and women take longer to recover from arguments about money, compared to other typical fights between spouses.
Sonya Britt, assistant professor of family studies and human services and programme director of personal financial planning said in a press release, "It's not children, sex, in-laws or anything else. It's money."
Britt says money arguments last longer and couples use harsher language, which in turn leads to low relationship satisfaction, no matter how long ago the argument occurred.
For the study, published in the journal Family Relations, Britt looked at data from more than 4,500 couples that too part in the National Survey of Families and Households. The study, "Examining the Relationship Between Financial Issues and Divorce,” found couples whose financial arguments did not lead to divorce because they couldn’t afford it, continuing to argue and dissatisfaction with the relationship makes matters even worse.
But it isn’t about not having enough money. Britt says couples arguing about money, rich or poor, are probably destined for divorce.
The solution, she says, is to get with a financial planner before you get married. Know each other’s credit score and talk out how you plan to handle finances.
"In the study, we controlled for income, debt and net worth," Britt said. "Results revealed it didn't matter how much you made or how much you were worth. Arguments about money are the top predictor for divorce because it happens at all levels."
More about Money, Arguments, Divorce, Study, Sonya Britt
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