When it comes to financial issues, it helps for couples to talk it out. But new research from Cornell University finds many tend to do the opposite.
When couples experience financial stress, they often tend to avoid talking about it, according to new research from Cornell University."When people feel stressed, they are more likely to think that if they initiate these conversations with their partner, it's just going to lead to a fight, which is going to make them more stressed," said Emily Garbinsky, associate professor of marketing and management communication at Cornell, who co-authored the research.
Partners may feel they have fundamental differences in how they think about money, and therefore it's not worthwhile to have a conversation where no solution exists, Garbinsky said. Unfortunately, most couples by default tend to view their financial problems as perpetual, and therefore avoid talking about financial issues, Garbinsky said., where a partner will withhold or hide financial information from their partner. The instinct to hide information may also be a strategy to avoid a fight, Garbinsky said.
"If you're not talking and if you're hiding things from your partner, it is having negative effects on your relationship quality over time," Garbinsky said.To get past a money stalemate in a relationship, it helps to first acknowledge that it's human, said Jude Boudreaux, a certified financial planner who is a partner and senior financial planner with
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