Lincoln & Wenk, PLLC
View Blog Navigation

Study sheds light on how much financial dishonesty spouses accept

Infidelity in a marriage is a deal-breaker for many spouses. They can forgive most anything except their spouse cheating on them. Part of what hurts the most about infidelity is the lies that usually accompany it.

However, what if your spouse is lying to you or keeping a secret involving finances? Over a quarter of people in a recent survey by GOBankingRates said they would at least contemplate divorcing their spouse if they lied to them about money. Specifically, over 27 percent of the 500 Americans surveyed said that.

Of course, that still leaves a significant majority who wouldn't consider ending their marriage over financial dishonesty. However, it shows how important being able to trust your spouse when it comes to money is for many people.

A major source of financial dishonesty involves hidden debt. Respondents varied regarding how much hidden debt they'd (hypothetically) accept if they learned about it.

  • Younger adults (those in the 25-to-34 range) had the highest tolerance for hidden debt -- a little over $18,000.
  • Women generally were willing to tolerate a little more than men (almost $15,500 and $14,400 respectively).
  • When asked if they had ever lied to a spouse about finances, 22 percent admitted that they had. The lies typically involved how much debt they had or their spending habits in general.
  • Thirteen percent of women admitted to lying about spending, while just 6 percent of men did.

While financial issues often lead to marital discord and sometimes divorce, people too often don't find out their spouses have been lying to them about money -- either hiding money they have or not disclosing how much debt they're in -- until they're in the midst of a divorce.

While divorcing spouses are required to fully and accurately disclose all assets and debts, if you believe that yours may not be doing that, it's essential to share your concerns with your attorney. They can recommend ways to uncover hidden assets and debts. You need to know what assets you may be entitled to and what debts you may be partially responsible for in a divorce.

No Comments

Leave a comment
Comment Information
  • Super Lawyers
  • 2015 ARAG | Elite Service Provider
  • AV | Peer Review Rated for Ethical Standards & Legal Ability | Preeminent | Martindale-Hubbell from LexisNexis
  • American Association for Justice | Formerly the Association of Trial Lawyers of America (ATLA)
  • Arizona Association of Family Law Attorneys - AZAFLA
  • Lincoln & Wenk, PLLC BBB Business Review
  • Association of Top 100 2019 | American Trial Lawyers
  • American Academy Of Trial Attorneys | AATA | Premier 100 | 2015
  • Family Law | Top 10 | Attorney And Practice Magazine's | 2018 | Attorney
  • Top Valley Lawyers 2017 | North Valley Magazine
  • American Institute of Family Law Attorneys | 10 Best 2017-2018
  • Veteran Owned Business - A Registered Vetrepreneur on Buyveteran.com - 2014
  • Avvo Top Attorney
  • Avvo Client's Choice
Email Us For A Response

Need legal help from an attorney?
Contact us now to schedule a consultation with our lawyers

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Goodyear Office:
1616 North Litchfield Road
Suite 140
Goodyear, AZ 85395

Phone: 623-748-4890
Fax: 623-536-1984
Goodyear Law Office Map

Peoria Office:
14050 N. 83rd Avenue
Suite 290
Peoria, AZ 85381

Phone: 623-748-4890
Fax: 623-536-1984
Peoria Law Office Map

Phoenix - Desert Ridge Office:
20830 N. Tatum Blvd
Suite 210
Phoenix, AZ 85050

Phone: 623-748-4890
Fax: 623-536-1984
Phoenix Law Office Map