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The New Form of Cheating: Holding Out on Your Spouse About Money

By Janet Langjahr

According to a recent survey of American couples, one-third of spouses lie to their partners about money matters and one third have been lied to by their spouses.

Among the money matters about which spouses lie are:

• hiding money (58%)

• concealing minor purchases (54%)

• keeping bills secret (30%)

• hiding major purchases (16%)

• maintaining bank accounts on the side (15%)

• hiding debt (11%) and

• concealing income (11%)

When found out, the consequences range from:

1. separation (11%)

2. divorce (16%)

3. loss of trust (42%) and

4. arguments (67%)

Much the same as when one spouse discovers the other is having an affair.

Sometimes such revelations lead to divorce.

Other times, the revelations first come to light during a divorce.

Read more in this Forbes piece: Is Your Partner Cheating On You Financially? 31% Admit Money Deception.

Full post as published by Florida Divorce - Child Custody - Domestic Abuse Law on January 15, 2011 (boomark / email).