At least some credit is given to the job creators. Men and women show the same disapproval rating to within a percentage point for most varieties of debt. The one exception is debt to family and friends, which women find more unacceptable by over three percentage points.
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How about generational tolerance? Baby boomers are most repelled by credit card debt while millennials are least tolerant of student loan debt — understandable since many millennials are still dealing with theirs. Generation X is the most tolerant of all forms of debt, with disapproval ratings consistently 3 to 8 percentage points lower than the other generations.
Dating While In Debt: You’re Not The Only One
What's the bottom line? Relatively high levels of any particular type of debt raise red flags for potential partners , and it's up to you to explain the circumstances and overcome those red flags with your other attributes. Debt is not necessarily a deal-breaker in a relationship, but it's important for that debt to be in the right context — a moderate amount, borrowed for a good reason, and with a solid plan to pay it back.
It's also important for you to be upfront about your debt with your potential partner. Debt may be a negative to overcome, but lying about your debt is almost certain to end a relationship.
How debt destroys your dating life
The truth will eventually come out. And that poses an interesting question: Or is it something to talk about later when things start to get serious?
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Many couples can jeopardize relationships by not having their personal finances in order. You never know if your significant other makes your low credit score a deal breaker in a relationship. On dates and in relationships most people are asked these questions and are not yet ready to confront that topic.
This is a great topic! Thanks for quoting me.
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It was right for us to do it the way we did. Timing and approach is pretty much everything with dating, right? Even the money stuff.
It would matter to me if I were single. If you are serious about managing your money, you need a partner that is at least open to that.
Never discussing it seems to lead to trouble, so better to have all your cards on the table before everybody gets too seriously invested. Your email address will not be published. Notify me of follow-up comments by email.
What To Do If You Find Out The Person You’re Dating Is Deep In Debt
Notify me of new posts by email. This is what I do. And I love it. Todd from Financial Mentor: Therefore it is not a question of appropriateness, but rather appropriate timing.