Family Law London Blog
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A recent survey from America has found that financial arrangements are the main cause of arguments, with couples who are married or living together averaging three arguments a month over money.
According to the survey, which was conducted for the American Institute of CPAs (AICPA) by Harris Interactive, 27% of those who are married or cohabiting said disagreements over money are most likely to prompt a spat. That made it the most volatile topic, ahead of arguments about children, chores, work or friends.
Since 2007, the AICPA has conducted an annual survey of Americans to determine their top financial concerns and assess their financial well-being. Additional findings include:
- Three in ten adults who are married or living with a partner have engaged in at least one potentially deceitful behaviour related to their finances. The most common such behaviours include hiding purchases and making major purchases without consulting their significant other.
- Among married adults, 36% of those aged 55 to 64 say financial matters cause arguments, which is notably higher than the percentage of 18- to 34-year-olds (15%), or seniors (20%), who say the same.
- The average number of arguments prompted by financial matters rises with age. While among all married adults the average number of disagreement is three per month, among those aged 45 to 54, the average number of arguments rises to four per month.
- More than half of those whose financial status has declined in the past year, 53%, report that financial matters are most likely to prompt arguments with their spouse.
A recent bulletin from the Office for National Statistics has presented provisional annual statistics on marriages that took place in England and Wales during 2010.
Key findings of the bulletin include:
- The provisional number of marriages in England and Wales in 2010 increased by 3.7% to 241,100.
- The highest number of marriages were for men and women aged 25 to 29.
- The largest percentage increase in numbers from 2009 to 2010 were for men aged 45 to 49 and women aged 30 to 34, both rising by 6%.
Over the past 20 years, there has been a rise in the number of cohabiting adults in England and Wales. The number of opposite sex cohabiting couple families increased significantly between 2001 and 2011, from 2.1 million to 2.9 million (Families and Households, 2011). Attitudes towards cohabitation have also changed. The 2006 British Social Attitudes survey found two thirds of respondents thought there was ‘little difference socially between being married and living together as a couple’ (Beaujouan and Bhrolcháin, 2011).
The Divorces in England and Wales, 2010 release showed that the percentage of marriages ending in divorce has generally increased for those marrying between the 1970s and the early 1990s. For example, 22% of marriages in 1970 had ended in divorce by the 15th wedding anniversary, whereas 33% of marriages in 1995 had ended after the same period of time. However, there is some evidence that the proportion of marriages ending in divorce had levelled off for couples married in the most recent years.
Recent research has found that 27% of married or cohabiting couples in Britain argue more about money than anything else.
A recent study by researchers at Bowling Green State University’s National Center for Family and Marriage Research has found that a majority (61%) of young adults have formed a family by age 25.