Credello: Valentine's Day Survey Says Financial Status May Be More Important in New Relationships

NEW YORK, February 14, 2022 (Newswire.com) - Whether looking for a casual relationship or a forever soulmate, there are a few consistent essentials for having a healthy relationship, such as communication, respect, trust, boundaries, and support. According to a recent survey from Credello of 600 Americans (ages 18 to 44), one can add "money and finances" to that list, as they are becoming more important to both new and established relationships.

Survey respondents were asked to share their thoughts on the connections between love and money, especially when it comes to a person being in debt, and the results are very telling of how important that connection is. Here are some of the findings:

Financial status is important to new relationships

When it comes to dating, it's not just about personality and attraction. Now, it's also about financial status. Forty-nine percent of respondents said they would be more comfortable dating someone if they knew their financial status early in the relationship, with 23% saying they "strongly agree." In fact, 48% believe you should start talking about money topics with a romantic partner within the first six months of dating. 

Additionally, one in four agree that online dating profiles should include a person's debt status, though 45% of men agree they are less likely to date someone if they knew someone had credit card debt (vs. only 29% of women agreeing).  

Debt doesn't deter love

Forty-one percent of respondents (76% men, 57% women) are willing to take on credit card debt - up to $2,500 - in order to impress a love interest. 

Of those in established relationships, 28% plan to finance a romantic getaway/surprise with a credit card/credit card debt, while 61% plan on paying by saving for it. 

Relationships have money secrets

While finances are important in relationships, they can also potentially cause problems. Savings is the biggest money-related topic of disagreement in a relationship - 36% say they disagree about how much to save, and 33% argue about discretionary spending. Only one in four agree about all money decisions with their romantic partner, which could be why 35% of respondents say they have hidden debt and/or a large purchase from their romantic partner. 

Survey Methodology

This survey was conducted by a third-party survey platform - Pollfish - on behalf of Credello. The sample of 600 Americans (ages 18 to 44) in the U.S., was surveyed on Feb 8, 2021. The results have been weighted to balance responses to census statistics on the dimensions of age and gender.

For complete survey methodology, please contact [email protected].

Source: Credello