Revealed: New data shows one in eight Australians have been dumped due their financial situation
- Study shows one in eight Aussie have been let go by a partner due to finances
- New data was released by comparative finance site Finder
- Of 1007 surveyed, 13 per cent said they have been dumped due to poor finances
- No savings, debt or poor financial knowledge were the reasons for the breakups
New data by comparative finance site Finder has revealed one in eight Aussies have been dumped by a romantic partner due to poor finances.
The latest research conducted asked 1,007 people if they have ever been left by a romantic partner due to their financial situation, and 13 per cent of which said they had.
Low income or lack of savings, a level of debt or poor understanding of finances were among the top reasons for the breakups.
The latest research conducted asked 1,007 people if they have ever been left by a romantic partner due to their financial situation, and 13 per cent of which said they had
Of the 13 per cent, six per cent said their relationship ended due to having a low income or little savings in the bank.
Four per cent said their level of debt placed too much strain on a previous partner while three per cent said the break up was due to ‘poor understanding of personal finances’.
The findings also revealed men were four times more likely to be dumped due to finances than women.
Of the 13 per cent, six per cent said their relationship ended due to having a low income or little savings in the bank
Kate Browne, Finder’s personal finance expert, said it’s important to discuss finances early in the relationship.
‘It can be a deal breaker if your spending and savings habits don’t match up,’ she said.
‘There’s a temptation to skip talking about money with your partner for as long as possible but in the end it could come back to haunt you, so you might as well be upfront.
‘If you don’t want to share your financial situation with your partner, that could be a red flag that you need to take action.’