February 10, 2016 by Lisa Brammer
Love is a fairly complicated affair all by itself, but what happens when you add money to the equation? Musical artists around the world have been voicing their opinions on the subject for years. Do you remember “Forever in Blue Jeans” by Neil Diamond? Money talks but it don’t sing and dance and it don’t walk. And long as I can have you here with me, I’d much rather be forever in blue jeans. It seems to me that Neil thinks these two things are mutually exclusive—and he’s choosing love.
What do you think? Are they mutually exclusive or is there a correlation between love and money? NerdWallet wanted to find out the answer to this age-old question, so utilizing Harris Poll they surveyed over 2000 adult (18 and older) Americans about the role personal finance plays in their relationships.
Interestingly, the results of their survey showed that millennial (18-34) men are the most generous when it comes to spending money on their significant others. And accordingly, they plan to spend more than any other age group on Valentine’s Day activities. Is this an attempt to buy love? Maybe, maybe not. However, I have to say, I was surprised to read that 54% of millennial men (compared to 35% of men overall) considered the financial wellbeing of a potential partner to be more important than attractiveness.
As you may have guessed, millennial men are not the only ones looking at a potential partner’s finances. 60 percent of women (compared to 43% of men) said a partner’s financial situation is important to them and 44 percent of women surveyed said it was more important than physical attractiveness. And a whopping 48%—almost half—of those surveyed said they wouldn’t date someone with bad credit.
My take-away from this survey is that both men and women find money sexy. And for many, there is a direct correlation between love and money.
The Beatles voiced a very different opinion on the subject when they wrote the song, “Can’t buy me love.” I think we can all agree, the Beatles had lots of experience with both love and money! If only we all had that kind of experience, right? Of course, their experiences also inspired other songs like “Taxman.”
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