The financial illiterate are less likely to marry

February 7, 2012 | In: Investment News

As we approach Valentine’s Day, it is better that 73% of Quebecers say they would never marry someone who has difficulty managing their finances or who has substantial debts to repay. That at least is what emerges from a survey conducted by Environics Research on behalf of TD Canada Trust.

Specifically, 29% of Quebecers think they would attend a person who has trouble managing money, but never did marry, 35%, they would attend even one person who has no control its finances, and 9% said they had recently experienced this kind of relationship and we do that again.


The logical question that follows is whether the money is a taboo. In fact, 85% of Quebecers say they are comfortable discussing money with their spouse, although some admit lovebirds tell some white lies to hide their spending spree. For example, 14% of Quebecers say they told their partner they had paid an item cheaper than it actually was, and 12% have hidden a new purchase to their spouse.

Note that Quebec couples are more likely than their Canadian counterparts to keep their finances completely separate from their spouse (53% against 33% in Quebec in Canada). And more than half of Quebecers have a house with their spouses (62% against 72%) and have a joint account (56% against 68%).

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