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Baby boomers cite “pay too little” as one of the top three dating deal breakers.
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That’s less than $29,878 a year, according to a Western & Southern Financial Group study.
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About 30% of the 1,008 people surveyed said they wished they had gotten a pay rise sooner.
Dating just got a little more complicated for American singles.
Specifically, people expect their partners to make more than $29,878 a year, according to a Western & Southern Financial Group survey of 1,008 married Americans released last Wednesday. That’s lower than the median US annual income in 2021, which is about $37,522, according to US Census Bureau data.
Only baby boomers named “too low a salary” as one of the top three dating deal breakers, even though respondents said they were looking for a partner who made at least that much . The biggest deal breaker of this generation was personal loans. Credit card debt and no investments contested his third place.
Millennials named credit card debt as the top deal breaker for this generation, with irresponsible spending and personal loans coming in second and third respectively.
For Gen Z, lack of financial literacy was the top barrier to trading, with student loans and personal loans coming in second and third respectively.
Overall, almost 30% of those surveyed said they wished they had talked about salary sooner, but in the end it wasn’t everything.
Nearly 23% of those surveyed said ‘too low a salary’ was a factor in breaking a deal, but personal loans were the most common refusal. His 31.5% of respondents said it was a failed transaction, followed by credit card debt, lack of financial literacy and irresponsible spending.
After seeing the results of the survey, Western & Southern Financial Group urged couples to discuss the economy early.
“Prior to marriage, couples didn’t talk much about the economy, but then conversations about investments, joint checks and retirement savings began to pick up momentum,” the group said in a research report.
Couples may feel like they have a lot of time to talk about their finances after marriage, but “the truth is, if you spend too much time discussing these things together, you might regret it,” he added.
Read the original article on Business Insider
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