Millions of people committing financial infidelity

Millions of people committing financial infidelity

(KAIT/CNN) - According to CNN, A new report shows more people in committed relationships are keeping money secrets from each other. said nearly 30 million people in live-in relationships are committing financial infidelity.

The report said millennials are more likely to lie about their spending, debt, and accounts.

It said that 28 percent of them admitted to hiding an account from their parents.

Researchers say people have a desire to have a freedom fund or safety net just in case the relationship turns sour.

The report states, however, that 20 percent of people surveyed said having a secret account is worse than having an affair, and two percent of those surveyed would break up with someone if they discovered they had $5,000 in credit card debt.

Copyright 2019 KAIT. All rights reserved.