Some people don’t share salary information, even with their spouse

Personal Finance

American adults’ hesitancy to share how much they make can hinder healthy financial growth as a couple, said Andrei Cherny, co-founder and CEO of Aspiration.

“Money has traditionally been a taboo topic in America and people don’t like to discuss it because it makes them uncomfortable,” Cherny said. “However, this unfortunately results in many Americans having limited financial literacy — how are people supposed to learn how to deal with their money in a responsible way, if nobody ever wants to talk about it?”

Ed Zapson, a financial adviser at investment company Edward Jones, said that once couples find “themselves using ‘we’ or ‘us’ for making plans, as if the two of them come in a unit, it’s probably time to have a [money] conversation.”

It’s a big mistake if you’re not sharing details of your financial status with each other at that point in a relationship, he said.

Source link

Products You May Like

Articles You May Like

Latvia vows to crack down on banking amid money-laundering allegations
Buy Goldman shares to profit from the rocky market, JP Morgan says
How much you really need to earn to take home six figures
Citi launches chatbot on Facebook Messenger for Singapore customers
Mark Zuckerberg just lost $9 billion in wealth

Leave a Reply

Your email address will not be published. Required fields are marked *