Posted 10/20/2023, 7:14:00 PM
Financial Dishonesty on the Rise: 71% of Americans Lie About Money 4 Times a Month
- 71% of Americans tell financial lies up to 4 times a month, increasingly over the last 2 years due to the cost-of-living crisis
- Common lies include exaggerating income/savings and downplaying spending to avoid guilt, embarrassment, expectations to buy things
- 37-43% have damaged relationships due to financial dishonesty with family, friends, partners
- 40% have split up with a partner over finances, though 88% in relationships claim openness about money
- Top lies are misrepresenting spending and savings, earnings, secretly borrowing money or dipping into joint savings