Introduction

In today’s world, financial stability and transparency are becoming increasingly important in relationships. Whether you’re single, in a committed relationship, or married, understanding your partner’s financial habits can be as crucial as knowing their personality. This article delves into the findings of a 2024 Experian survey that explored how millennials and Generation Z view finances in the context of dating and relationships.

For Many, Discussing Finances Is TBD

Discussing finances isn’t typically a first-date topic. According to the survey, more than half of those in the dating pool (56%) prefer to wait until they are in a committed relationship before discussing financial matters. Only 4% of singles are comfortable discussing finances before the first meetup, while 39% bring up the topic at some point between the first coffee date and deleting the dating app.

Interestingly, financial shyness isn’t limited to singles. Those already in relationships or marriages are just as hesitant to delve into their partner’s financial details. This reluctance suggests that financial discussions are often postponed indefinitely, even among committed couples.

How Couples See Their Credit Scores

The survey revealed that couples today are less likely to co-mingle their finances compared to previous years. Fewer couples have joint accounts, and more married couples are choosing to file taxes separately. As a result, it’s not surprising that couples often have different credit scores.

Among committed respondents, only a third reported having similar credit scores as their partner. Another third believed their credit score was better, while the remaining third thought their partner’s score was better. Men were more likely than women to claim they had the better credit score, although previous Experian data shows that men and women generally have similar credit scores.

Who Pays? The Answers You’ve Been Waiting For

When it comes to paying the bill on a first date, opinions are divided. The survey found that responses were evenly distributed among four possible answers regarding who should pay. However, gender was the most significant differentiator. Men were more likely to identify themselves as the one who should pay for the first date, regardless of region, age, income status, or employment status.

Interestingly, those with higher incomes or their first grown-up job were somewhat more likely to pick up the check, but the preference was not strong. Region and age showed almost no difference in who buys.

Can Good Credit Be Cute?

Finally, the survey asked a simple yes or no question: Is good credit attractive? Four out of five singles agreed that good credit is indeed attractive. While it’s not necessary to include your credit score in your dating profile, good credit can boost confidence, which is a key factor in successful relationships.

Conclusion

Financial discussions are an essential yet often overlooked aspect of modern relationships. Whether you’re just starting to date or are in a committed relationship, understanding your partner’s financial habits can provide valuable insights into their overall stability and compatibility. If you’re looking to secure your financial future with your partner, consider reaching out to O1ne Mortgage for expert mortgage services. Call us today at 213-732-3074 to learn more about how we can help you achieve your financial goals together.