Three in 10 Americans commit “financial infidelity” by lying to their spouses about money, sometimes suffering consequences such as separation or divorce, according to a new survey.

The Harris Interactive online poll of 2,019 adults released on Thursday showed 31 percent of American couples who have combined finances were not truthful about issues such as hiding cash or a or about debt or earnings.

Financial infidelity may be the new normal,” said Forbes.com, which commissioned the survey with the National Endowment for Financial Education.

One-third of respondents also say they have been deceived, and both sexes lie to their partners about money in equal numbers.

“These indiscretions cause significant damage to the relationship,” said Ted Beck, chief executive of the National Endowment for Financial Education.

Sixteen percent of couples affected by financial infidelity said the deception led to a divorce and 11 percent said it caused a separation. Sixty-seven percent said it led to an argument and for 42 percent it lessened trust in the relationship.

The most common lie, at 58 percent, was hiding cash. Fifty-four percent of respondents admitted hiding a minor purchase, 30 percent hid a bill, 16 percent did not disclose a major purchase and 15 percent hid a bank account.

Eleven percent lied about debt and an equal number were untruthful about earnings, the survey showed.

Copyright © 2011 Reuters

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6 COMMENTS

    • I think PonderingitAll is either active or retired IRS and is having an ‘enforcement moment’…no? : ))

      Carl Nemo **==

  1. The 15% who thought they could hide a bank account are idiots: Banks send a copy of your 1099 to the IRS, and that better be included on your tax return! The IRS computers check EVERY RETURN for 1099 mismatches. Automatic audit if you leave one out, and then it all comes out.

    Same goes for a brokerage account: As soon as you sell anything it goes on a form reported to the IRS.

  2. We’ve been lied to as a nation in matter concerning the Federal Reserve note.

    The US Dollar continues to be devalued as votes are cast to raise the debt ceiling.
    Any rational American understands:
    * You cannot spend your way out of debt.
    * You cannot (as a nation) get out of debt when you are paying interest on money created out of thin air.
    * When your nation has outsourced your manufacturing sector how do you earn an income if you are not a Wall St. banker/trader?

    How can you earn an income when “Free Trade” has (by design) outsourced your manufacturing to foreign nations for the benefit of global corporate profit?

    Here’s a sobering thought to those who care enough to think (excludes a majority of Americans):
    “The US has lost 42,400 factories since 2001.”
    “The US has lost 32% of its manufacturing jobs since 2000.”
    -Peter Grandich (Google it)

    The Federal Reserve needs Americans to remain ignorant and apathetic of the truth pertaining to the US Dollar and its standing in the world.
    QE seems to be further devaluation of the US Federal Reserve note.

    They will continue to “lie” (I would use the phrase avoid examination of the truth) until they can no longer “afford” (pun intended) to lie.

    • But, but , but, that’s not what they say on TeeeeeeeeeVeeeeeeeee!

      I need my mommyyyyyyyyyyyy! You’re scaring me! Stop!

  3. Times are so bad in America nowadays that I can hear the typical conversation about this phenomenon.

    “Ralph…have you been in the oatmeal can again stealing change from the house fund?!” “Er…er no honey, I thought you might be taking a little extra out for yourself for a day out on the town to the “Dollar Store” and some corn dogs from Walmart with the kids.” “That’s bullsh*t Ralph and you know it. You’ve probably been spendin’ some of the money on one of them hoochie mammas down at the truck stop buyin’ fancy burgers an stuff. If this crap keeps up we’re headed to divorce court and by damn I’ll get everything in the can”… / : |

    Carl Nemo **==

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