Credit Crunch Good For Relationships, cahoot Reveals

By Michael Ross
Published on 28 Aug 2008
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Credit Crunch Good For Relationships, cahoot Reveals

Couples have been found to be staying together due to the financial downturn - beliving that it costs more to remain single.

The credit crunch might be causing severe strain to personal finances - but it appears to be bringing couples closer together as a consequence.

Research released today by cahoot shows that just over one in four (27 percent) of UK adults now feel that they are "less likely" to break up with their significant other due to the current economic downturn.

However, the reasons behind the apparent strengthening of love-matches are also thought by the bank to be more practical than romantic - around 12.4 million people were revealed by cahoot to be reluctant to split up with their partner due solely to their own concerns about rising prices.

People aged between 25 and 34 were found to be the most likely to hold this point of view.

Matthew Timms, managing director of cahoot, commented: "There are clearly economic benefits to being in a relationship, such as shared bills, lower rent and even reduced car insurance premiums. The cost of being single can extend to thousands each year, but with a little careful financial planning you needn't be tied to your partner purely for financial reasons."

Additional research from cahoot also showed the conflicting priorities many Britons feel between money and their significant others. Around 630,000 people were found, for example, to be dating a wealthy person purely as a way to boost their own personal finances.

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