Valentines’ day is next week and a new report finds “Financial infidelity” is on the rise.
And as couples plan for the special day, the report says people in committed relationships are keeping money secrets from each other.
According to creditcards.com, nearly 30-million people in live-in relationships are committing “Financial infidelity. ”
So who’s the biggest “cheater?”
According to the report, millennials are more likely than other age groups to lie about their spending, debt and accounts.
28 percent of them admitted to hiding an account from their partners.
So why do they keep money secrets?
Researchers say people have a desire to have a freedom fund or safety net in case the relationship turns sour.
But all that “cheating” can put a strain on relationships.
According to the report, 20 percent of people surveyed say having a secret account is worse than having an affair.
2 percent of those surveyed would break up with someone if they discovered they had $5,000 in credit card debt.
But don’t be heart-broken, the survey found most people forgive and would’t end a relationship over money secrets.