Report: High credit balances might be bad for your love life
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You know that money troubles can stress you out. But did you know that they could possibly affect your love life?
That’s the conclusion finder.com came to recently when they researched levels of debt that would cause a person to consider his or her potential partner unacceptable.
On average, the price of a perpetual one-person ticket to the Tunnel of Love is $11,525 in credit card debt.
The study breaks down the financial flashpoints by gender and generation. For example:
More baby boomers than any other generation consider all debts except student loans unacceptable in a partner. Whereas millennials are least tolerant of student loans, more than 4 in 5 of them consider it unacceptable in a partner.
Gen Xers appear the most tolerant generation when it comes to debt in any form. However, Gen X finds payday loans (74.67%) slightly more unacceptable than credit cards (74.01%). Baby boomers are consistent with the general population trend: 81.36% find credit cards most unacceptable, followed by payday loans (80.83%) and student loans (76.96%). The most unacceptable loans for millennials are student loans at 80.04%, credit cards at 77.19% and payday loans at 76.17%.
To read the full report, click to read “What types of debt do Americans consider unacceptable in a partner?”