Millions of children see parents arguing over money

Sam — Tue, 13 Feb 2007 14:39:17 +0000

A third of couples with children in the UK argue over money according to research from CreditExpert, the online credit report monitoring service.

It revealed that two million children see the day to day effects of the UKs credit boom, but it’s not just couples with children who argue about money and require debt advice.
Overall spending and borrowing causes one in four couples to argue and one in 20 to break up.Those aged 18 to 34 are the most hot tempered, with almost half (42 per cent) having had a disagreement about money.
Whereas people over 55 are the least likely (11 per cent) to have rows about spending with their partners. Almost a third of couples in supervisory, clerical or junior managerial social groupings (30 per cent) argue about finance, as do 28 per cent of higher managerial or professional groups.
Jackie Newton of Chiltern Debt Management says: “This survey underlines just how many couples in Britain argue, and in some cases split up, over their finances.
“If you feel worried about your level of borrowing, then your partner will pick up on it and feel worried too. The best thing you can do is face up to problems as quickly as possible and, if necessary, seek help.
“At Chiltern, we can advise people on what to do if they feel their debts are overwhelming them.”
The survey also highlights that financial arguments are more prevalent among those who are uncomfortable with their level of borrowing – 51 per cent of those admitting to arguing about debt and spending and one in eight (13 per cent) reporting that they have broken up with their partner over finances.
Money arguments are overwhelmingly about spending, with more than 90 per cent citing their own or their partner’s spending as the bone of contention.
A further 27 per cent have disputes over borrowing. Some couples quarrel over both spending and borrowing.

Millions of children see parents arguing over money is a post from: TheDebtPeople.co.uk

TheDebtPeople.co.uk » Millions of children see parents arguing over money

Millions of children see parents arguing over money