If money is at the root of a married couple's problems, maybe their couples therapy should center around it.
Even when they're openly communicating, it's difficult for couples to get on the same page about finances. A recent survey by financial firm Edward Jones found that, among workers 18 to 35, 90% say they have or plan to start saving for retirement before they turn or turned 30, with only 7% saying they'd start in their 40s. The next age group - 35- to 44-year-olds -- found that 26% said they'd start saving in their 40s. Only 64% actually began saving in their 30s. These are financial goals that couples are typically going to want to discuss earlier rather than later."When it comes to retirement savings, there's a big difference between planning to save and actually doing so," said Scott Thoma, principal and investment strategist for Edward Jones. "While intentions to save for retirement are legitimate, individuals tend to satisfy more immediate, short-term spending goals and push off their long-term saving goals. This behavior can be incredibly detrimental for individual investors, particularly as they enter the critical savings periods of their 30s and 40s when they have -- and unfortunately waste -- a tremendously valuable asset: time."
Even worse, 22% of workers indicated that they plan to or actually began saving between the ages of 40 and 50. Among those ages 35 to 44, only 3% planned to save or started saving in their 40s. However, among those ages 45 to 54, that jumped to 30%.