The truth about financial infidelity. What it is and why it's on the rise.
FOX's Ashley Papa has "FOX on Love":
Cheating on your spouse isn't always about sex. A new survey, found that two in five partners are financially unfaithful. Ted Beck, president of the National Endowment for Financial Education, says financial infidelity includes several things:
(Beck) "Hiding purchases, bank accounts, statements, taking things from the mail so their partner or spouse does not see them, keeping cash or even having their own credit cards that the other party doesn't know about."
As to why they do this, Beck says the person may want to use money they earned as they see fit:
(Beck) "Very often they're afraid that their partner won't approve of how they spend money or they're embarrassed or fearful that maybe their partner will find out they have a bad habit."
If you suspect your partner is being financially unfaithful, Beck says you must discuss it:
(Beck) "In married couples I think you always have to remember that your credit rating is effected by your spouses actions."
Money talk can be touchy, but it's important for maintaining a healthy relationship.
With FOX on Love, I'm Ashley Papa.