Financial infidelity, credit cards and divorce: study finds link
Have you ever bought a pair of shoes or a lawn tool with a credit card and didn’t tell your spouse? It doesn’t seem like a big deal, but according to a recent study, it is minor instances of deception like this that some couples cite as a factor in their divorce. In fact, of the 1,000 spouses polled in the Moneysupermarket.com study, ten percent responded that their separation or divorce was precipitated by these events.
While approximately half of the respondents said that their purchases were unnecessary, possibly like the products mentioned above, 50 percent of respondents said that they hid even necessary purchases such as utility payments from their spouse.
Why the little white lies? According to 36 percent of those surveyed, they knew that the response from the spouse would have been an angry one. For another 35 percent, it was not anger that they feared, but disapproval instead. These feelings prompted them to commit a little bit of financial infidelity.
If our readers didn’t notice, the examples of a pair of shoes and a lawn tool matched some stereotypical purchases associated with each gender. While those references may have been based on stereotype, researchers found that there were some gender generalities based on the data.
According to the researchers, the women had hid a larger number of individual credit card purchases, but the men made up for the difference by hiding more expensive charges.
This isn’t the only place that financial infidelity can arise. It may raise the tension that eventually leads to divorce, but a divorce filing doesn’t mean it stops. In some cases, a spouse may actually increase their credit card spending during the proceedings, using marital funds to make the payments. An Illinois divorce attorney can help provide spouses with advice on how to address this type of situation.
Source: The Huffington Post, “Secret Credit Card Spending And Divorce Linked In New Survey,” Oct. 14, 2013