Relate, the leading relationships charity, recently published research which examines how relationships and finances are linked.* Our research found that debt problems can increase levels of stress, conflict and relationship breakdown; one in 10 people argue with their partner about debt or finances at least once a fortnight, while being in arrears with bills more than doubles the risk of relationship breakdown.

Things like the breakdown of a relationship, or an abusive relationship, can sometimes lead to debt problems. And relationships can influence how we manage finances, for example in how openly we communicate about our financial situation with our partner. The research found that one in seven people in Britain have hidden debt from their partner - and half are still hiding it. Relationship difficulties and financial problems can form a damaging spiral - each exacerbating the other.

What help is available?

Talking about debt with a partner can be difficult, and our research shows that a third of people say they would benefit from support in talking to partners about debt and finances. Relate can help with relationship difficulties, every year we help over a million people strengthen their relationships.

Charities like Citizens Advice, National Debt Line, StepChange and Christians Against Poverty can help with debt problems, and financial services already signpost their customers to free debt advice. Some banks including NatWest, Royal Bank of Scotland and Ulster Bank have specialist teams which refer customers to specialist support when a customer needs it.

Ultimately, better communication about finances and debt can build healthier relationships and stronger financial management. And Relate is seeking to work with partners in financial services, the money advice sector and government to develop more joined-up support for people to manage their finances and relationships.

*Information on the research method and sample can be found in the report.

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The Royal Bank of Scotland Group plc published this content on 10 January 2018 and is solely responsible for the information contained herein.
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