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AICPA Survey: Financial Tension Rising

Financial issues have always produced tensions in relationships. But the pandemic and its impacts are increasing tension, according to recent survey by the American Institute of CPAs.

The survey found 34 percent of respondents report tension over financial issues has reason since the start of the pandemic. The number is higher for those with children in their homes with 47-percent of those reporting increased tension, versus 22 percent of those without children present. 

Sixty percent of those with children say “financially driven relationship tension has had a negative impact on intimacy with their partner, far outpacing the 34 percent of Americans without children at home.

The online survey was conducted by The Harris Poll from January 13 through 15 and sample 2,040 U.S. adults aged 18 an older. There were 1,157 married or living with a partner.

Twenty-six percent of those surveyed reporting financials issues as a source of tension in their relationships at least once a month with 27 percent saying of married or cohabitating Americans reporting no disagreement with their partners about any aspects of finance in the last year.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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