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Divorce is linked to financial infidelity

Most residents of New Jersey know that money is one of the leading reasons for a couple wanting a divorce. Not having enough money to pay the bills or have extra money for fun can cause tension in a family. Financial burdens behind wanting a divorce play a bigger part in deciding to split than someone thinks. A recent study claims that secret credit card spending played a huge factor in their divorce or separation. A recent study that polled 1,000 men and women suggests just how much damage spending and lying causes.

According to the study, one in ten people have lied or hidden credit card purchases. At least 36 percent of the people that lied about spending, claim they did it because they knew their spouse would have been angry had they told the truth. Additionally, 35 percent of those who lie say they simply don't tell their spouse because they know they would disapprove.

Although these high numbers seem as if spouses are out frivolously spending, this isn't always the case. While half of these people did admit to splurging on manicures, new shoes and clothes, the other half used the credit card for something else. Aside from the unnecessary spending, the credit cards were used for necessities such as utility bills, mortgage payments, food and gasoline. A reason behind this could the spouse not wanting to scare their partner by letting them know they were going through hard times.

The study found that while women were 60 percent more likely to hide a credit card statement and feel guilty about it, the men actually spent more on average. This is not the first study to prove that financial infidelity and divorce correlate. In 2011, a study conducted by the National Endowment for Financial Education claimed that 16 percent of couples wanting a divorce is because of lying about finances.

When it comes down to it, however, whether a spouse lies about finances or something else, it can lead to discord in a marriage. A spouse in this situation could possibly wonder what else their partner could be lying about. There is little surprise that lying about finances can cause a divorce. When New Jersey couples find themselves wanting a divorce due to financial infidelity, it may be in their best interests to research their legal options.

Source: Huffington Post, Secret Credit Card Spending And Divorce Linked In New Survey, No Author, Oct. 14. 2013

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