Survey: Majority of Adults are Involved in Relationships with Income Disparities

From PR Newswire

ROCHESTER, N.Y., March 22 /PRNewswire/ -- A new Wall Street Journal Online/Harris Interactive Personal Finance Poll found that more than 8 out of 10 U.S. adults are involved in serious relationships with income disparities, with only 10 percent saying they earn the same as their spouses/partners. It seems that women have yet to break the glass ceiling completely, as men (57%) are more likely to earn more than their spouse/partner. Conversely, 66 percent of women say their spouses/partners earn more.

These are just some of the results of an online survey of 2,585 U.S. adults conducted by Harris Interactive(R) between February 5 to 7, 2007 for The Wall Street Journal Online.

The discussion of financial issues with spouses/partners carries on

Even with these income disparities, nearly 9 out of 10 respondents say they have discussed financial issues with their spouses or partners and more than half have discussed their spending habits and their current savings goals. Respondents over the age of 55 are significantly less likely to have discussed spending habits, debt and household budgets. However, respondents over 55 are more likely to discuss investments and net assets- this is probably due to retirement planning needs. Respondents ages 18-34 are more likely to discuss spending habits, savings, debt, budgets and financial responsibilities.

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Tango’s Take
Too comprehensive, can’t wrap head around all the numbers. The big highlights of this study are that men and women don’t make the income as their spouses, financial considerations are slightly less important to older folks, people argue over money and women are more likely to hide financial information than men. This is hardly a revelation, but sometimes it’s good to have our expectations proven rather than dumped on their heads. Repeat this mantra, “the money I make is MY money, the money you make is OUR money.”