Money is a point of contention for many couples. It’s notorious for causing conflicts and ruining relationships. The problem? “Money is very central to people’s identity,” according to Jonathan Rich, Ph.D, psychologist and author of The Couple’s Guide to Love & Money.
It can represent everything from status to success to even self-worth, he said. And partners have the power to influence each other’s finances, which can trigger arguments and anger, he added.
It also can reveal underlying problems between spouses. “If a couple lacks trust and has difficulty working together, these conflicts always play out financially,” Rich said.
To make matters worse, our shaky economy can create or perpetuate stress. “With the current economy, financial stress is a huge issue and it can easily divide a couple and lead to blame,” he said.
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