Reasons for Divorce: New Study Cites Secret Spending

Posted on Nov 21, 2013

It has long been common knowledge that money problems are one of the most common reasons for divorce. But now a new study conducted by the price comparison company MoneySuperMarket has found that secret spending may be causing more separations and divorces than previously suspected.

The study, which polled 1,000 people via online survey, found that ten percent of those who were divorced admitted that secret credit card purchases had an affect on their relationship. Another one in ten people who responded to the survey said that stealthy credit card purchases caused arguments with their spouse. 15 percent of respondents said that they had lied about their credit card spending with their spouse or partner.

Why do experts believe that secret credit card spending is harmful to relationships? Usually, purchases are kept a secret because they are not necessary and because one spouse believes that the other spouse will disapprove.

The survey also uncovered other interesting information regarding spending and relationships: men spend about $200 more each month than women on their personal credit cards, while women are more likely to keep purchases a secret—about 60 percent said that they had quietly bought items without telling their partner.

Money isn’t just an issue that can lead to divorce, it is also an issue that can make divorce more complex. It is vital that you know your family’s financial situation—and your partner’s financial situation—during the divorce process. To get help from an experienced Seattle divorce attorney, call the Law Offices of Molly B. Kenny today at 425-460-0550.

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Founder and Principal Divorce Attorney
Molly B. Kenny's Bellevue family law office is conveniently located on Lake Bellevue Drive, making it easily accessible to those in the greater Seattle area. Our divorce and child custody lawyers help men and women get the information, guidance, and compassionate representation they need.
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