Money problems ‘prompt relationship breakdowns’

Money and debt management related problems are responsible for the breakdown of thousands of relationships each year in the UK, according to a recent study.

Figures from cahoot show that as many as 2.2 million British adults have had a relationship they were in end because of financial difficulties.

Among the general population, money issues are one of the most common causes of break-ups and within the 35 to 44-year-old age bracket these problems take an even greater prominence in people’s love lives.

In fact, for Britons aged between 35 and 44, only infidelity and falling out of love were considered to be more regularly the reason for a couple to part company, the financial services firm reports.

“While you don’t want a new partner to think that you are attracted to them solely because of their bank balance, it is worth talking about your attitudes to cash early on in the relationship as it can avoid problems later on,” said Matthew Timms, director of cahoot.

Research by YouGov on behalf of KPMG recently found that older generations of British consumers tend to be more secretive about the extent of their debt management problems.

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