Financial infidelity

Financial infidelity

Financial infidelity is a term used to describe the secretive act of spending money, possessing credit and credit cards, holding secret accounts or stashes of money, borrowing money, or otherwise incurring debt unknown to one's spouse, partner, or significant other.Cite web|url=http://www.independent.co.uk/news/uk/this-britain/financial-infidelity-the-things-we-buy-the-lies-we-tell-427923.html|title=Financial Infidelity: The Things we Buy, the Lies we Tell|accessdate=2008-03-03|year=2006-12-11|author=Martin Hickman|work=The Independent] Adding to the monetary strain commonly associated with financial infidelity in a relationship is a subsequent loss of intimacy and trust in the relationship. Financial infidelity appears to be on the rise, with a 2005 study showing that 30% of respondents had lied about financial information and 25% had withheld information,Cite web|url=http://articles.moneycentral.msn.com/CollegeAndFamily/LoveAndMoney/FinancialInfidelityIsRampant.aspx|title=Financial Infidelity is Rampant|accessdate=2008-03-03|publisher=MSN Money|author=Liz Pulliam Weston|] whereas a 2008 study showed that half the respondents had committed some form of financial infidelity.Cite web|url=http://www.baltimoresun.com/business/bal-bz.ym.ambrose12feb12,0,4743990.column|title='Financial Infidelity' is Pretty Common|accessdate=2008-03-03|year=2008-02-12|author=Eileen Ambrose|work=Baltimore Sun]

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