Infographic: How men, women divide money-related chores
Half of couples jointly share household financial
responsibilities, according to a March 2013 survey
by TD Ameritrade and LearnVest. But how they divvy up financial chores
varies by gender.
While women tend to take the reins on day-to-day financial
decisions, grocery purchases and household budgets, men tend to volunteer for
long-term financial planning tasks (such as investing decisions and retirement
savings) and yearly tax returns. The graphic below shows the percentage of male
and female respondents who said they were solely responsible for various tasks.
The survey also looked at how complicated combining finances
is for modern couples. Because couples are marrying later in life, each partner
brings various assets and obligations to the table -- and that's worrisome for
newlyweds: 40 percent of respondents said they do not completely trust their
partner to manage their joint finances.
"With the median age for first-time marriages approaching
30, combining finances is not as simple as it once was," said Carrie
Braxdale, managing director of investor services at TD
Ameritrade, in a news release. "Couples are bringing more
financial baggage into the relationship than ever before. They have 401(k)s,
student loan debt, investments and even mortgages. "
See related: Love me love my debt? No way, poll says
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Published: March 14, 2013