Shocking News About Couples & Money
How much do you know about your spouse when it comes to money?
A 2015 report put out by Fidelity Investment Group found some shocking news about couples and their finances.
Here’s what they found:
72% of couples say they communicate exceptionally well… but more than 4 in 10 don’t even know how much their spouse makes. And 10% of them got it wrong by $25,000 or more.
Over one third disagree on the amount of their household’s investable assets.
Nearly 48% have “no idea” how much they need to save for retirement to maintain their current lifestyle.
And half of the couples surveyed disagree on their exact retirement age. That number is up from 43% in 2013.
The key take away from this study is to communicate more effectively with your spouse. And take at least 2 hours each month to focus on your finances.