Dating off debt
It’s an exclusive club, but there’s hope that it’s growing.
About half of Americans indicate that being debt-free is within reach, and 25% say it’s the new American Dream, according to a survey.
“At first I didn't think much of it, but when marriage became a possibility we had to have the financial conversation, which I call getting financially naked.
But is student loan debt truly a relationship deal-breaker?
S college grads perceive student loan debt as “baggage.” Twelve percent of college grads said that high student load debts are a bigger relationship consideration in a partner than their being divorced, having a child from a previous relationship, or having a non-violent felony on their record.
The survey consulted 1,000 people, and noted that the average college grad leaves school with more than ,000 in student loan debt. "Let’s be honest, any debt is toxic to your love life,” said Howard Dvorkin, CPA and Chairman of
“Because of this bias, it makes sense that millennials see credit card debt as something that should be judged.”What separates the people who will cross the debt-free finish line from those who never will is a willingness to acknowledge how much debt you have, says A. Marsden, assistant professor of human services and psychology at Beacon College.
“A lot of people are in denial, refusing to look closely at their own finances,” she says.