Tax Season Study Reveals Increasing Number of Couples Split During Tax Season

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Financial stress is a major cause of marital problems and divorce and a new study shows that tax season is when most issues are exposed. According to a three year study by SeekingArrangement.com, 53% of newly “separated” members joined the mutually beneficial relationship website due to financial infidelity from their estranged spouse.

Financial stress skyrockets during tax season, as spouses uncover financial infidelity. For some married couples, such financial stress can create a strain in their bond. Financial issues are one of the leading causes for break-ups. SeekingArrangement.com, the world’s largest dating website for mutually beneficial relationships, conducted a three year study to understand the motivations as to why couples “separate”.

“Mutually beneficial relationships are much like the ideal marriage in that both individuals complement each other’s needs,” say Brandon Wade, Founder and CEO of SeekingArrangement.com. “Many marriages end in divorce due to a lack of partnership: emotionally, sexually, and financially.”

The study by SeekingArrangement.com surveyed new members who were “Separated” as to why their marriages failed. One in two cited ““financial infidelity” as the main factor. A healthy marriage promotes financial success (Waite and Gallagher 2000), and when the opposite happens, financial stress exposes the imperfections in a relationship.

The following are results of the study on “Separated” daters:

Motivation for leaving spouse
1.     Financial (53%)
2.     Communication (29%)
3.     Cheating (12%)
4.     Other (6%)

Who “separated” the most?
Men

SeekingArrangement.com polled 8,000 members from all relationship status groups to reveal that 48% have lied to a significant other about spending and finances. Another study by its sister website, WhatsYourPrice.com, found that women and men are more likely to lie about their career and income.

“We had been trying to save up for a house, but [My husband and I] didn’t see eye to eye when it came to money,” says Reyna, 29, member on SeekingArrangement.com since March 2013. “I would buy a new dress and he would become upset, so I started hiding what I bought or lied that it was on sale.”

“I’m a dental assistant and my ex worked freelance doing bookkeeping for a few companies,” says Jacquelyn, 23, member on SeekingArrangement since 2012. “He would buy things for his car and spend hundreds on the entertainment system at home whenever he got a new gig. Little did I know, he wasn’t putting any of it away into our joint savings.”

About SeekingArrangement.com
SeekingArrangement.com is the leading sugar daddy and sugar baby dating website. The websitecontinues to be a trend setter in the sugar daddy space, having set a higher bar for what it means to be a “sugar daddy”. Earlier this year, SeekingArrangement.com sought to redefine what it means to be a sugar daddy by redefining the modern “sugar daddy” as a mentor, sponsor or benefactor who is always respectful, generous, and seeking to empower others. Launched in 2006, the website currently boasts over 1 million members worldwide. SeekingArrangement.com is founded by Brandon Wade, an online dating expert, author and entrepreneur.

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Angela Bermudo
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