Why Millennial and Gen Z couples aren’t putting all their money in joint bank accounts

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In a national survey of couples, almost 70% of millennials told Creditcards.com that they had at least some separate accounts.

Millennials are more likely than older generations to keep at least some finances separate after they get married and combine other aspects of their lives. “As a woman I think it’s important to have financial independence,” she said, even though “I am planning on being with my husband until the day I die.”

almost 70% of millennials — who are in their late 20s to early 40s — told Creditcards.com, an offshoot of Bankrate.com, that they had at least some separate accounts “My parents see our finances like, ‘What’s yours is your husbands,’” Goodman said. “I just don’t see it that way.”Some couples say it wasn’t hard to decide whether to officially combine finances.

The Phillipses decided to automatically deposit half of each of their paychecks into the joint account.

 

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