- Twenty-one percent of married Americans said they would help pay down their significant other’s debt.
- Only 6 percent of Americans would break up with their significant other or think about breaking up with them.
The money talk: come prepared“Conversations about debt and finances can be difficult, but they aren’t impossible when you come to the table prepared with the right tools,” says Rachana Bhatt, director, Chase Card Services. “When it’s time to talk, bring a list of your accounts, your debts, total income and your financial goals. Consider tools, like Chase Blueprint, that can save you money and help you pay down credit card balances faster.” When it comes to a successful relationship, 94 percent of Americans think it is important to have compatible spending habits with their partner. However, 62 percent think they can’t achieve financial compatibility or that it will be very hard to change the spending and borrowing habits of their significant other. Dr. Michelle added, “Regardless of when couples decide to discuss their finances, having the money talk with a significant other is a necessary path towards achieving financial compatibility.” Not surprisingly, the survey found that experience brings wisdom. Those in a relationship are two times more likely to think that the best time to discuss finances with a significant other is on day one, compared to those not in a relationship (39 percent versus 18 percent). Is money why you’re single? As seen in previous Chase Blueprint studies, money is often a point of contention in relationships. The Chase Blueprint Valentine’s Day Survey raises the question: if nearly six in 10 American adults are in a relationship, then what about the other adults who aren’t? And why aren’t they in a relationship? Perhaps money has something to do with it.
- Nearly half (47 percent) of Americans feel that being in a relationship makes it harder to manage their money.
- More than a majority (57 percent) of those not currently in a relationship feel being in a relationship makes it harder to manage their money.
About Chase BlueprintChase Blueprint is a unique set of features available on select Chase credit cards that help cardholders manage their spending and borrowing. Blueprint is available free of charge to new and existing Chase cardholders. It’s simple to set up, easy to use and customizable. With Blueprint, cardholders can save money and pay down balances faster. About Chase Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.