“Kudlow” panelists Steve Moore and Steve Forbes provide an in-depth look at how economic conditions will impact President Biden’s re-election campaign.
With Valentine’s Day approaching and tax season starting, both love and money are in the air.
While most couples claim to be in good sync when it comes to spending and their financial future, new data suggests some partners may want to sit down and talk it out.
Nine out of 10 couples say they communicate well, while more than 45% of couples say they communicate well, according to Fidelity Investments’ biennial Couples and Money Survey released Thursday. It was found that 1 in 4 couples admitted to occasionally arguing about money with their significant other, and 1 in 4 couples did so. as the biggest challenge in their relationship.
Although most American couples say they communicate well with each other, nearly half admit to fighting about money at least occasionally. (license/image)
Meredith Stoddard, vice president of education at Fidelity, said, “Managing money within a relationship is a journey filled with diverse perspectives and personal priorities, which is why so many couples “It’s not surprising that we disagree.” “The importance and necessity of open communication was once again emphasized.”
Here are the best US cities for singles to mingle before Valentine’s Day
To conduct this study, Fidelity surveyed 1,794 couples (3,588 individuals) over the age of 18 who were married or in long-term relationships. They surveyed each adult individually and compared their responses to their partner’s to find areas where couples were on the same page, or where they were not.
Most couples told Fidelity that they are on the same page about planning for retirement, but disagree on how much they should save to get there. (license/image)
Although most partners said they planned to retire around age 63, nearly half of respondents said they expected to work part-time during their golden years. Six out of 10 couples share a vision for their retirement, but more than half disagree on how much money they need to save to reach their goals.
Indiana coffee shop gets excited after couple shows up for impromptu wedding: ‘We’ve taken over’
The top financial concern expressed by partners (54%) is saving enough money for retirement, and 55% have no idea how much they should save by retirement to maintain their current lifestyle. I answered that I couldn’t.
In Fidelity’s latest Couples and Money Survey, the majority of couples say they have good communication, but nearly half say they argue about money at least occasionally. (license/image)
“Discussing money isn’t always easy, but so many couples feel like they’re on the same page, even if the conversation sometimes ends in disagreement, and so many couples feel like they’re on the same page when it comes to financial topics.” The fact that we feel comfortable talking about it is reassuring,” Stoddard said.
CLICK HERE TO GET FOX BUSINESS ON THE GO
“By openly discussing financial issues, people can feel more confident, more closely aligned and better prepared for the future,” she added.
