UK Wedding News
29/04/2014
In other words, they could not afford to separate from their partner despite knowing the relationship was no longer working.
This is according to a new study which has been carried out by OnePoll for the Debt Advisory Centre. It revealed that 19% of adults in the UK have at some point remained in a relationship purely because of their financial situation. Of those who stayed in relationships for longer than they wanted, 20% did so for up to three months. For a majority however, they had to stay with a partner they didn't want to, for a lot longer. In fact, 43% admitted they had stayed in a relationship for a year or more after they had wanted to end the romance, but due to their financial situation, they felt they were unable to leave. While 24% said they stayed in the same relationship for more than three years after the romance turned sour.
Looking at the different generations, those in the 25 to 34 age bracket are more likely to remain with a partner because of their joint finances, with 31% having done so at some stage. This compares to 8% of over-55s who have done the same.
Ian Williams, spokesman for Debt Advisory Centre, is quoted in the Daily Mail as saying: "It's shocking to hear that so many people feel forced to stay in a relationship for longer than they want to because of their finances, but its perhaps not that surprising.
"It's tough to end the bonds we create in a relationship, and financial ties can often be the hardest to break. Joint debts, mortgages or rent and childcare costs all play a part in people choosing to stay in a relationship when love breaks down, if they think they'd be unable to afford these costs alone.
"Data for Debt Advisory Centre last year revealed 12 per cent of people seeking debt help did so as a result of a relationship break-up.
"If finances start to spiral out of control when a relationship ends, the sooner people seek help with their debts, the sooner they can start to work towards getting back in control of their money."
(JP/IT)
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1 In 5 Are 'Stuck' In A Relationship
Almost one in five people are said to be "stuck" in a relationship due to financial worries.In other words, they could not afford to separate from their partner despite knowing the relationship was no longer working.
This is according to a new study which has been carried out by OnePoll for the Debt Advisory Centre. It revealed that 19% of adults in the UK have at some point remained in a relationship purely because of their financial situation. Of those who stayed in relationships for longer than they wanted, 20% did so for up to three months. For a majority however, they had to stay with a partner they didn't want to, for a lot longer. In fact, 43% admitted they had stayed in a relationship for a year or more after they had wanted to end the romance, but due to their financial situation, they felt they were unable to leave. While 24% said they stayed in the same relationship for more than three years after the romance turned sour.
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Looking at the different generations, those in the 25 to 34 age bracket are more likely to remain with a partner because of their joint finances, with 31% having done so at some stage. This compares to 8% of over-55s who have done the same.
Ian Williams, spokesman for Debt Advisory Centre, is quoted in the Daily Mail as saying: "It's shocking to hear that so many people feel forced to stay in a relationship for longer than they want to because of their finances, but its perhaps not that surprising.
"It's tough to end the bonds we create in a relationship, and financial ties can often be the hardest to break. Joint debts, mortgages or rent and childcare costs all play a part in people choosing to stay in a relationship when love breaks down, if they think they'd be unable to afford these costs alone.
"Data for Debt Advisory Centre last year revealed 12 per cent of people seeking debt help did so as a result of a relationship break-up.
"If finances start to spiral out of control when a relationship ends, the sooner people seek help with their debts, the sooner they can start to work towards getting back in control of their money."
(JP/IT)
Top stories
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LeToya Luckett-Walker Is Pregnant
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Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
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