Love & Money: Millennial Couples savvier than their youth would suggest

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Couples who talk about money at least once a week say they are happier (78 percent), than those who discuss money less than every few months (50 percent), according to the second annual TD Bank Love & Money Survey.

Money is a hot relationship topic for millennials with 74 percent discussing it weekly (and an additional 19 percent discussing it at least once a month). In fact, these discussions begin even before the first date, with nearly half (48 percent) of millennials surveyed who have used an online dating service discussing their finances before meeting, compared with 36 percent across all generations.

"Talking about money can be uncomfortable," says Ryan Bailey, head of Consumer Deposits, Payments and Personal Lending at TD Bank. "Establishing a healthy dialogue about finances can help couples get on the same page from the start and result in happier relationships in the long run."

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"Secret bank accounts, or major debt not revealed, are secrets that can really impact trust and intimacy in a relationship," says April Masini, renowned relationship expert and author of the 'Ask April' advice column, who analyzed the results of the TD Bank survey. "The damage is never about the money — it's about the secret. The secret is the damaging dynamic."      

Additional highlights are available on the TD Bank Media Room.

Survey Methodology
Research company MARU/VCR&C conducted the survey among a nationally representative sample of Americans who are currently in a relationship. The online fieldwork occurred between July 20 and July 29, 2016. In total, 1902 completes were gathered in the U.S. Data has been weighted by age, gender and region to reflect the population. Margin of Error on the total sample is +/-2.9percent.

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