During divorce when emotions are careening out of control, one spouse often believes that the other party may be hiding assets.
In 2011, The National Endowment for Financial Education (NEFE) released a study finding that 31% of people who combined finances with their significant other have been deceptive with their spouse/partner about money. Of those who committed a financial deception:
- 58% say they hid cash from their partner/spouse.
- 54% hid a minor purchase from their partner/spouse.
- 34% say they lied about finances, debt, money earned.
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