It is already common knowledge that finances play a huge role in a relationship, and how your partner and you spend money can sometimes make or break your bond. But did you know that your credit score can be a simple indicator of how successful your relationship will be? Studies have shown that people with higher credit scores are more likely to live happily ever after with their spouse. The Federal Reserve Board, the Brookings Institution, and the University of California, Los Angeles, all conducted research on this topic. The institutes examined data from nearly 5,000 couples to find the correlation between credit and marital bliss. Each 105-point bump on each individual's credit score made them 32% less likely to break up with their partner, according to the 6 year long study. This is because people with higher credit scores are more likely to be responsible. "Money is one of the leading causes of relationship disagreements because it’s really about control." says Arlene Goldman, Ph.D and therapist. “It’s about who gets to do what they want the way they want to do it." Arlene outlines the four reasons that couples split due to spending and credit.
- You and your partner want to spend money on different things
- One of you makes more money than the other
- One of you is heavily in debt
- You are both judgmental of how each other spends money