You may not be alone if you and your partner stop talking about annoying financial matters, according to new research.
Researchers at Cornell University discovered that individuals were less inclined to talk to their love partners about money-related worries the more stressed they were about it.
Recently, the Journal of Consumer Psychology published the findings.
stop talking
The finding that those who are financially stressed and who most need these conversations are also the least likely to have them is what initially captivated us about this topic, according to study co-author Emily Garbinsky, an associate professor of marketing and management communication at Cornell.
According to the study, a startling 70% of Americans experience financial stress, which includes feelings of being overextended, having trouble making ends meet, and worrying about money management.
stop talking
Even wealthy people might experience financial worry, which makes it difficult for them to have positive financial conversations with their spouses.
The researchers observed that it is not unexpected that a typical tactic is to steer clear of the delicate topic entirely. Why? They found that this avoidance is a result of the perception that money disputes with a spouse are unavoidable rather than resolvable.
stop talking
In the study, researchers went through survey data from thousands of people who either answered a survey by the National Center for Marriage Research or the National Financial Well-Being Survey from the Consumer Financial Protection Bureau. Higher levels of financial stress were associated with less financial communication with a partner, according to both sets of data. Furthermore, a pilot study found that people expect more conflict when talking about financial stressors compared to other typical stressors like work-related concerns.
The result implies that improving partner communication may be possible by altering people’s views of financial disputes.
stop talking
According to Suzanne Shu, a Cornell marketing professor and research co-author, “people are more willing to initiate conversations about money with their partners when they view financial conflicts as an issue they can solve as a team, rather than as a lasting, perpetual disagreement.” “This research emphasizes how crucial it is to reframe how couples approach money talks in order to promote healthier communication patterns.”
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