Money Ruining Marriages in America
By a
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180207005698/en/ According to a recent survey by Ramsey Solutions, couples who say they have a "great" marriage are almost twice as likely to talk about money daily or weekly compared to those who say their marriage is "okay" or "in crisis." In late 2017, Ramsey Solutions, a leading company in financial education, conducted a study of more than 1,000
The larger a couple's debt, the more likely they were to say money is one of the top issues they fight about. Almost half of couples with
"When a husband and wife can eliminate debt, a shift happens in their marriage. There's a peace of mind they haven't experienced before," said
Additional key survey findings include: Nearly two-thirds of all marriages start off in debt. Forty-three percent of couples married more than 25 years started off in debt, while 86 percent of couples married five years or less started off in the red - twice the number of their older counterparts. One-third of people who say they argued with their spouse about money say they hid a purchase from their spouse because they knew their partner would not approve. Ninety-four percent of respondents who say they have a "great" marriage discuss their money dreams with their spouse, compared to only 45 percent of respondents who say their marriage is "okay" or "in crisis." Eighty-seven percent of respondents who say their marriage is "great" also say they and their spouse work together to set long-term goals for their money. Sixty-three percent of those with
Additional survey findings can be found at www.daveramsey.com/research. About the Study The State of Finances in the American Household is a research study conducted with 1,072
Consumer debt defined in this study as types of debt including: credit card debt, student loans, car loans, medical debt, home equity loans, 401(k) loans and tax debt.
Debt-free defined in this study does not include mortgage debt. About Ramsey Solutions Ramsey Solutions is committed to helping people regain control of their money, build wealth, grow their leadership skills and enhance their lives through personal development. The company's success is defined by the number of people whose lives are changed by a message of hope. Through a variety of mediums including live events, publishing, syndicated columns and a nationally syndicated radio show, Ramsey Solutions uses commonsense education to empower people to win at life and with money. Millions of people have gone through
Keywords for this news article include: Ramsey Solutions, Investment and Finance.
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