Lies about finances often damage a marriage

Honesty, trust and communication are some of the basic components that must be present in any healthy relationship. This is especially true in marriages where individuals have pledged to share their lives through both the good and bad times. It's not surprising, therefore, that problems arise when one spouse discovers their husband or wife has lied.

A recent survey of 2,035 married adults conducted by the National Endowment for Financial Education, shows that a full 35 percent of spouses admitted to lying lied to a husband or wife about financial matters. While experts believed the recent recession and financial ruin that many couples experienced would foster more honest and open communications about finances, based on the findings of this survey, this does not seem to be the case.

Even seemingly minor lies about financial purchases and debts can spur arguments and cause a rift between spouses. In fact, according to the NEFE survey 76 percent of survey respondents admitted that so-called financial infidelity affected the relationship with a spouse with nearly 50 percent reporting to arguing about such matters.

A 2013 study conducted by researchers at Kansas State University found that arguments over financial matters were one of the key indicators that a couple may be headed for divorce. The NEFE survey found that an estimated 10 percent of respondents admitted that lies about finances ultimately lead to divorce.

New York residents who learn of a spouse's deception related to purchases, debts or hidden assets; may decide to consult with a divorce attorney. Depending on the severity and circumstances, some couples are unable to resolve and move beyond acts of financial infidelity. In these cases, a divorce attorney can provide advice, guidance and assistance through the divorce process.

Source: The Huffington Post, "1 In 3 People Admit To Lying About Money To Their Partner, Survey Shows," Feb. 10, 2014

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