How Credit Score Can Affect Your Romantic Relationship

By Debbie Carlson
Chicago Tribune

WWR Article Summary (tl;dr) Research from 2015 by the Federal Reserve Board suggested people with the highest credit scores were most likely to form long-lasting committed relationships, and the bigger the discrepancy between a couple’s credit scores, the more likely the relationship will end within the first five years.

Chicago Tribune

Most people wouldn’t put their credit score on their online dating profiles, but it may be playing a bigger role in romantic relationships.

Talking about a credit score seems to go beyond simply trying to ascertain how much money the other person has and more a way to measure up a person’s attitude and responsibility about money, especially in an era of high student debt and a so-so economy.

“When people used to get married in their early 20s, there wasn’t a lot to talk about financially. When you meet somebody today and you’re in your late 20s, they’re coming to the party with an entire closet of financial stuff,” said David Bach, author of “Smart Couples Finish Rich.”

Money has always played a big role in dating, but some studies show that how people think about finances has changed.

A recent survey by Bankrate.com showed almost two in five U.S. adults say knowing someone’s credit score would affect their interest in dating that person. That includes 47 percent of college graduates and 50 percent of people with annual household income of $75,000 or more.

Research from 2015 by the Federal Reserve Board suggested people with the highest credit scores were most likely to form long-lasting committed relationships, and the bigger the discrepancy between a couple’s credit scores, the more likely the relationship will end within the first five years.

“This result arises, in part, because initial credit scores and (how closely those scores match) predict subsequent credit usage and financial distress, which in turn are correlated with relationship dissolution,” the Federal Reserve Board’s report said.

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