The Impact of Financial Stress on Communication in Romantic Relationships

Research Reveals Hesitancy in Discussing Finances in Romantic Relationships

Individuals experiencing financial stress tend to avoid discussing money matters with their partners, despite the potential benefits for their relationship, as per recent research. This reluctance stems from the fear of arguments that may arise from conversations about finances, suggests a report by Cornell University and Yale University researchers published in The Journal of Consumer Psychology. However, past studies have shown that open communication about money can lead to more responsible spending habits and improved debt management.

Emily Garbinsky, one of the study’s authors and an associate professor of marketing and management communication at Cornell’s business school, explains, “They anticipate conflict, so they’re choosing not to have these conversations at all.”

Challenges of Discussing Money with Partners

Financial therapist Aja Evans in New York points out that individuals may feel ashamed about their financial struggles, leading them to avoid discussing money matters with their significant other out of fear of damaging the relationship. Evans, who helps clients understand the emotional and psychological aspects of financial behavior, describes this avoidance as a defense mechanism that can exacerbate financial issues over time.

Megan R. Ford, a financial therapist at the University of Georgia, suggests that individuals who grew up in families facing financial challenges or where money discussions were discouraged may lack positive role models for engaging in productive conversations about finances.