Top Indicators of Divorce Include Impuslive Buys and Accrued Debt
Elise Ying-Hei Ho — December 15, 2012 — Lifestyle
References: creditrepair & visual.ly
Popular indicators of divorce are not restricted to emotional issues but financial issues as well. While money is a sensitive topic amongst many individuals and couples, it's essential to be as open and honest in these discussions as possible.
Some people like to keep their spending habits a secret and although privacy does not necessarily mean guilty, many receipts, withdrawals or any other suspicious financial activity can be cause for emotional turmoil in a relationship. The 'How Credit History can Predict Divorce' infographic not only reveals nine signs of financial infidelity also typical lying patterns and thought processes between men and women including lies and tactics of concealment.
While 45% of individuals found financial skeletons in their partner's closet, 57% of people bring at least one type of financial debt into a relationship, which are strong indicators of divorce.
Some people like to keep their spending habits a secret and although privacy does not necessarily mean guilty, many receipts, withdrawals or any other suspicious financial activity can be cause for emotional turmoil in a relationship. The 'How Credit History can Predict Divorce' infographic not only reveals nine signs of financial infidelity also typical lying patterns and thought processes between men and women including lies and tactics of concealment.
While 45% of individuals found financial skeletons in their partner's closet, 57% of people bring at least one type of financial debt into a relationship, which are strong indicators of divorce.
Trend Themes
1. Financial Infidelity - Opportunity for businesses to develop innovative solutions that help couples address and prevent financial infidelity.
2. Credit History and Divorce - Potential for companies to offer services that analyze credit histories to predict the likelihood of divorce and provide guidance for couples.
3. Debt as a Divorce Indicator - Disruptive opportunity for industries to create solutions that help individuals and couples manage and reduce financial debt to prevent divorce.
Industry Implications
1. Fintech - FinTech companies can create platforms and tools that promote transparency and effective communication regarding finances between partners.
2. Credit Analysis - Opportunity for credit analysis firms to develop algorithms and services to predict the impact of credit histories on relationships and provide insights for couples.
3. Financial Counseling - Growth potential for financial counseling firms to assist couples in managing and eliminating debt, improving financial literacy, and promoting financial wellness.
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