Bad Credit Can Be
a Romantic Roadblock
Would you marry someone with high debt or bad credit? Would you break up with someone who has reckless spending habits?
According to a 2021 survey by WalletHub, a personal finance website, 47% of all respondents — and 56% of female respondents — would not marry someone who has bad credit. (Forty-four percent of women would not even date someone with bad credit.)
Here are a few more romantic insights revealed by the survey:
Biggest Turnoffs
Forty-four percent of the people surveyed said irresponsible spending is a bigger turnoff than bad breath.
And even more (47%) said they’d break up with their Significant Other if he or she demonstrated reckless spending habits. A slim majority of respondents (52%) believe financial infidelity can be worse than cheating.
According to the survey, the worst types of money problems a relationship can face are:
- Financial secrets (34%)
- Irresponsible spending (28%)
- High debt level (14%)
- Failure to save for the future (11%)
- Ruining the other person’s credit score (9%)
Be My Valentine
Would you incur credit card debt for a Valentine’s Day gift? About twice as many men as women said they would. In fact, 89% of women surveyed said they absolutely would not!
Most of the respondents (both male and female) expected to spend between $50 and $100 on their Valentine (34%), while only slightly fewer (31%) planned on spending less than $50. Only 7% intended to spend more than $100.
And almost a third of the respondents (28%) planned to spend nothing at all. But, apparently, that’s okay – at least, according to the previous year’s survey: 86% believe love is more important that money.
Happy Valentine’s Day from AG Law!
Sources:
Featured Image: Adobe, License Granted
WalletHub