Slideshows | February 8, 2018

Pair effects revealed in ING savings survey

How joining forces on money can also help your relationship.

A problem shared is a problem halved – or so the saying goes. Results from the ING International Survey Savings 2018 confirm that managing your money as a couple or household can be good for your emotional wellbeing.

Sixty-one percent of all 14,806 respondents in Europe, the USA and Australia indicate they are part of a couple or other romantic partnership. And, as the full report explains, more than half (53%) of Europeans in a couple say their finances are either completely or largely combined.

Close result
Seventy-two percent of Europeans who combine their finances indicate closeness in their partner relationship – compared to just 45% of those in a couple who have separate finances. But the survey results also show differences between countries – see the slideshow above, and read the full report to learn more.

 

1

Individual approach
Austria has the smallest share (36%) in the survey who say they manage their money with their partner. The UK (39%) is next.

2

Does it matter?
Managing money jointly has less effect on whether coupled-up Australians or Austrians say they’re happy, out of 15 countries.

3

Team together
The largest percentage of respondents in couples who say they combine their finances is in Romania (71%).

4

Not far behind
Relatively large shares agree in USA (65%), the Netherlands (64%) and Spain (63%).

5

Why go alone?
People in Romanian or Spanish couples with separate finances are much less likely to say they are happy than those who combine them.

6

Let’s talk about it
Poles are more likely (83%) to say regular money discussions are useful for finances than people in any other country surveyed. For 78%, it helps relationships.

7

Not many disagree
Czechs and Luxembourgers are least likely to agree with Poles on this – but the differences across Europe are small.

This article is related to the ING International Survey:

Savings 2018

Savings 2018

February 8, 2018

Comfort with savings correlates with happiness, yet more than a quarter of respondents in Europe, the USA and Australia indicate they put nothing aside. Our seventh savings survey of nearly 15,000 people in Europe, the...

SavingEuropeBudgetHappiness

eZonomics team
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