What does a joint bank account tell you about a couple?

Photo credit

This study explored the association between household financial arrangements and relationship quality using a representative sample of low-income couples with children. We detailed the banking arrangements couples utilize, assessed which factors relate to holding a joint account versus joint and separate, only separate, or no account, and analyzed the association between fiscal practices and men’s and women’s relationship quality. The majority of couples held joint accounts, though over one-quarter also have separate accounts; nearly one-tenth have no account. Joint bank accounts were associated with higher levels of relationship quality on numerous dimensions, though more consistently for women than men. Individualistic arrangements appeared to undermine women’s relationship satisfaction and reduce feelings of intimacy, sexual compatibility, and satisfaction with conflict resolution.

Source: “Financial Arrangements and Relationship Quality in Low-Income Couples” from Family Relations

You should follow me on Facebook here. I’ve started posting extra content on that page. Don’t miss out; go here and hit the “Like” button.

You can also subscribe via RSS, Twitter, or email. Check out the site’s most popular posts of all time.

How to improve your relationship in 5 seconds

How to give your relationship a booster shot

What the amount spent on an engagement ring says about the bride and the couple

What you should look for in a marriage partner

Can being too supportive of your spouse end your relationship?

Does earning a lot of money make it harder for a woman to find a husband?

Does having children make you more like your parents?

Should a man be happier than his wife?

If your parents divorced, are you more likely to divorce?