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Finance News - 66% of Americans Willing to Take On Debt for Love

66% of Americans Willing to Take On Debt for Love

  • Marina Avramovic
  • May 5, 2022

Based on a recent survey, 66% of Americans are willing to take on credit card debt to impress a new love interest. In other words, 41% of respondents are prepared to borrow up to $2,500 to attract a potential partner.

This comes as no surprise knowing that a staggering 45.4% of Americans have credit card debt. 

Regarding gender, men are more likely to get into credit card debt. Namely, 76% of men are willing to go into debt to impress their new love interest, whereas merely 57% of women would do the same.

However, while men are more inclined than women to spend money to impress their date, they are also less likely to date someone in debt. In fact, 45% of men and 29% of women wouldn’t date someone in debt.

When it comes to dating, 49% of respondents claim they would be more at ease dating someone if they knew their financial status early on. After all, transparency is important, especially if you want to build a future together and share your life and money.

On that note, 48% of respondents believe it’s vital to discuss financial topics with their partners within the first six months of dating.

Interestingly, 35% of respondents have concealed debt or a major purchase from their spouse/partner. As a matter of fact, 19% of men and 9% of women have hidden debts, according to the survey.

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Marina Avramovic

Marina is a content writer and a film-maker who spends most of her time in front of the computer, writing articles and blog posts on various subjects, learning fictional languages or editing avant-garde movies. This compulsive penchant for learning new ways of dreaming and writing became her dream job. When she's not obsessing about work she tries to cook, read dystopian novels and go on adventures with her dog.

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