Tuesday, December 24, 2019

Survey 64% of Americans know their partners bank passwords

Survey 64% of Americans know their partners bank passwordsSurvey 64% of Americans know their partners bank passwordsWhen youre in a relationship, you tend to share a lot - even codes.New research from Fidelity shows that 64% of Americans know their spouses bank passwords, and 53% know the passwords to social media accounts belonging to their partner.In terms of the methodology, 1,662 couples ages 22 and up (3,324 people total) were surveyed, who are in a married or long-term committed relationship. This is the sixth installment of the study, which was first launched in 2007.People know their spouses passwords to these accountsHeres the breakdown.Bank account 59% of millennials, 62% of Generation X, 70% of Baby BoomersSafety Deposit Box 23% of millennials, 28% of Generation X, 37% of Baby BoomersInvestment Accounts 47% of millennials, 49% of Generation X, and 60% of Baby Boomersleistungspunkt Cards 54% of millennials, 56% of Generation X, and 63% of Baby BoomersSocial Media 50% of mi llennials, 49% of Generation X, and 58% of Baby BoomersSurprisingly, 78% of couples would feel more comfortable letting their partner in on their full financial history over their full dating history.Alexandra Taussig, senior vice president of lifetime client engagement at Fidelity, commented on the research in a statement.Couples who plan together tell us they feel financially strong, regardless of their age or length of relationship, she said. Openly discussing financial matters helps people feel more confident, more closely aligned and better equipped to take on the future. Working together, couples can help each other build financial confidence in their ability to manage, should the day come they have to do it on their own.What couples fight aboutThe research found that 1 in 5 couples cant come to a mutual understanding about the length of their relationship.But when it comes to work, 43% cant agree on when they want to retire (51% of millennials, 44% of Generation X, 33% of Bab y Boomers and 25% of same-sex couples). Fifty-four percent cant agree on how much money they should have stashed away when they reach retirement age.Similarly, 34% of couples disagree about how much money their partner rakes in, and 15% couldnt accurately report their partners employment status.But while 54% of same-sex couples say they dont fight about money, 45% of opposite-sex couples say the same thing.

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