Administration October 6, 2011
One in Four Americans Would not Inform Spouse of Financial Difficulties
October 6, 2011 (PLANSPONSOR.com) – A poll by National Foundation for Credit Counseling (NFCC) revealed that 24% of more than 1,400 respondents would not tell their spouse if they were experiencing financial difficulties.
Reported by Tara Cantore
Reasons given for withholding the information included the fear that it would worry the spouse (9%); that the spouse is unaware of the debt (8%); that it would damage the relationship (7%).
“Even if well-intentioned, withholding financial information from a spouse is not a sign of a healthy relationship, either emotional or financial,” said Gail Cunningham, spokesperson for the NFCC, in a press release. “It is encouraging that the majority, 76%, would share the information with their spouse so that they could work together to resolve the situation.”
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