(CBS) – New research from CreditCards.com has found that many couples are unfaithful about money. 40% of Americans admit to having committed financial infidelity. The most common offense is spending more money than your partner wants. Others have secret credit cards or secret bank accounts. “The most common reason people have given us is because they want privacy and want to manage their own money,” said Ted Rossman, industry analyst at CreditCards.com.
Rossman says millennials are most likely to commit financial infidelity, and this can often lead to feelings of betrayal. “You think, hey, I thought I really knew this person and they kept this a secret for so long. And there’s a good chance they’ll find out at some point. I think early communication is often a good idea, ”he says. One in four respondents think financial infidelity is worse than physical cheating.
Stephon and Christina Chaney married a few years before sitting down and taking finances seriously. “How much do I spend on …
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