Collaborative research by Leeds and the University of Texas at Austin shows the importance of financial literacy as a predictor to a couple’s success. The research demonstrates that disparity in financial literacy can grow over time and these evolving differences can be a significant factor in a couple's success.
Many adults tend to ignore the basics of money. However, the real struggle often begins when one partner takes on all of the stress and burden of managing the couple’s finances. Arguments may arise when all aspects of household finances are managed by one person without mutual responsibility from their partner. In these situations the research demonstrates how one party can often lose financial literacy over time. This loss in financial literacy by one partner has a negative impact on the success of the relationship.
Read more about the impact of the research on evaluating a couples financial competency over time.