Secret stash: More than a third of adults are hiding money from their romantic partner

NEW YORK — Is your partner hiding something from you? A new survey finds over one-third of Americans in a relationship say they’re hiding a secret stash of money from their significant other.

The poll of 2,000 attached Americans reveals that 37 percent have a secret coffer of extra funds. These respondents are hiding away an average of $2,006. All this secrecy may be due in part to couples’ differing views on money. The OnePoll survey finds 62 percent believe the statement “opposites attract” is true, especially when it comes to finances. The average respondent said they have seven arguments about money per month with their partner.

Hidden Money

Commissioned by online resale marketplace StockX, the survey delved into these disagreements and looked at respondents’ spending habits, especially as we enter the holiday season. The top disagreement respondents have with their partner is over concerns about debt (31%), followed by concerns that either they (30%) or their partner (23%) spend too much money. Regardless of the bickering, 83 percent of Americans believe it’s important to have open and honest conversations with their loved one about money.

Hiding money — for collectibles?

The survey also explored the spending and gift-giving habits of Americans who consider themselves to be collectors. Nearly half of the poll (49%) collect items of some kind. The top collectibles include watches (21%), shoes (19%), and handbags (17%). Comic books and trading cards (both at 16%) rounded out the top five.

“Whether people are looking to buy the latest Air Jordan, or to track down a rare basketball card, we know the joy people can experience when discovering and securing new items for their collection,” says StockX senior economist Jesse Einhorn in a statement. “And as more people become collectors, both the resale market and the value of these items is seeing rapid growth.”

Buying Gifts Shopping

Of those who collect something, 82 percent said that when shopping for themselves, they are more likely to purchase an item that fits within their collection than one that does not. More than half (55%) of collectors add they share their collection with their partner. Collectors also believe having a common goal might cut down on the financial arguments they have with their significant other.

“Whether it be sneakers, watches, handbags, or trading cards, people don’t just view cultural products as functional items, but as a means of self-expression as well as a financial investment,” Einhorn explains. “Collecting these items — either for yourself or with a partner — can be a passion or a business. We’ve seen people who start as collectors quickly turn their hobby into a side hustle, and when the products you collect have real financial value, they are less likely to be the source of spending-related disagreements.”

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About the Author

Chris Melore

Chris Melore has been a writer, researcher, editor, and producer in the New York-area since 2006. He won a local Emmy award for his work in sports television in 2011.

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