The majority of Quebecers speak without taboos about the organization of their finances in their couple, but admit that factors can hinder the reconciliation of love and money, according to a study published Wednesday.
The CROP survey carried out on behalf of the Chamber of Financial Security (CSF) reveals that while 90% of those questioned say they are comfortable talking about money in the couple, half of the respondents have never thought about the consequences of separation.
Some 57% of people in couples pool their income, a proportion that rises to 70% for spouses with almost the same income, while savings for retirement are made separately for almost half of Quebecers.
More than a quarter of Quebecers in a couple would put money aside secretly without the knowledge of the spouse, a behavior much more common (56%) among people who are in great financial comfort.
The proportion of women who earn a little or a lot less than their spouse is 63%, while the trend is reversed for men who are only 27% to admit earning less than their spouse.
Personal debts are a factor of anxiety in the couple, since the majority of Quebecers (57%) are stressed, a proportion reduced to 41% when it comes to the debt of the spouse.
“This survey tells us that 90% of respondents feel comfortable discussing investments or debt with their spouse, which in itself is great news,” said Marie Elaine Farley, President and CEO of direction of the CSF.
Me Farley is surprised to observe that “half of the respondents have never thought of consequences of a separation and that 74% have never broached this subject with a financial services advisor”.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128