When Bills Become an Issue, Couples Stop Communicating
By Robin Foster HealthDay Reporter
FRIDAY, July 4, 2024 -- If you and your partner fall silent when vexing money issues arise, new research suggests you are not alone.
A team from Cornell University found that the more stressed people were about their finances, the less likely they were to discuss those concerns with their romantic partners.
The findings were published recently in the Journal of Consumer Psychology.
“This is the first thing that fascinated us about this topic -- that financially stressed individuals who need to have these conversations the most are the least likely to have them,” said study co-author Emily Garbinsky, an associate professor of professor of marketing and management communication at Cornell.
Financial stress affects a staggering 70% of Americans, the researchers noted, and includes feelings of being overwhelmed with spending, struggling to meet financial obligations and worrying about money management.
Even those who are well-off can struggle with financial anxiety, and this stress makes it tough to have constructive conversations about money with their partners.
Not surprisingly, a common strategy is to avoid the sensitive subject completely, the researchers noted. Why? What they discovered was that this avoidance stems from the belief that financial conflicts with a partner are perpetual rather than solvable.
In the study, scientists sifted through survey data from thousands of folks who either completed the Consumer Financial Protection Bureau’s National Financial Well-Being Survey or a survey conducted by the National Center for Marriage Research. Both sets of data confirmed that higher levels of financial stress were linked to less communication about finances with a partner. Additionally, a pilot study revealed that people anticipate greater conflict when discussing financial stressors than when talking about other common stressors, such as work issues.
The finding suggests that changing perceptions of financial conflicts could improve communication between partners.
“When individuals view financial conflicts as an issue they can solve as a team, rather than as a lasting perpetual disagreement, they are more willing to initiate conversations about money with their partners,” explained study co-author Suzanne Shu, a professor of marketing at Cornell. “This finding highlights the importance of reframing how couples approach financial discussions to foster healthier communication patterns.”
Sources
- Journal of Consumer Psychology, June 2024
- Cornell University, news release, June 2024
Disclaimer: Statistical data in medical articles provide general trends and do not pertain to individuals. Individual factors can vary greatly. Always seek personalized medical advice for individual healthcare decisions.
© 2024 HealthDay. All rights reserved.
Posted July 2024
Read this next
Unsafe Neighborhoods Could Drive Up Smoking Rates
THURSDAY, July 4, 2024 -- It may sound far-fetched, but new research suggests that living in dangerous neighborhoods could trigger an unintended health harm: higher smoking rates...
Gratitude May Bring Longer Life
WEDNESDAY, July 3, 2024 -- People who are grateful for what they have tend to live longer, a new study reports. Older women who scored highest on a questionnaire measuring...
How Handing a Child a Screen During a Tantrum Could Backfire Long-Term
TUESDAY, July 2, 2024 -- When your preschooler pitches a fit, handing them a smartphone or tablet is probably the fastest -- and the worst -- way to stop it, a new study...
More news resources
- FDA Medwatch Drug Alerts
- Daily MedNews
- News for Health Professionals
- New Drug Approvals
- New Drug Applications
- Drug Shortages
- Clinical Trial Results
- Generic Drug Approvals
Subscribe to our newsletter
Whatever your topic of interest, subscribe to our newsletters to get the best of Drugs.com in your inbox.
