Wage gaps can make relationships complicated. We want to help you talk about them
Wage disparities in relationships can create significant challenges for couples. A recent survey indicated that one in five individuals may end a relationship due to salary differences. Experts emphasize the importance of open communication about financial matters to avoid misunderstandings and resentment.
- ▪One in five respondents in a U.K. survey reported they would end a relationship due to salary differences.
- ▪Statistics Canada shows that women earn 88 cents for every dollar earned by men, with a larger gap for racialized women.
- ▪Relationship therapist Andrew Sofin notes that many couples make financial decisions without discussing them, leading to potential conflicts.
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Open this photo in gallery:Managing money in relationships can be complicated when one partner earns significantly more than the other.YinYangShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountIt was only a generation or two ago when societal norms in Canada around money in a relationship were strictly divided: Men made the money and women tended to the house. Today – thankfully – things have changed. Marriages aren’t as one-sided, and men and women have far more choices. Life is expensive and there are most often two earners in a relationship. It’s common these days for one partner to make a bit more – or a lot more – than the other. And that can lead to problems.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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