Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Charlie Finance Study Reveals 60 Percent of Women Won't Marry a Debtor

Millennial Money Woes at Heart of Declining Marriage Rates?


News provided by

Charlie Finance

Mar 27, 2019, 09:00 ET

Share this article

Share toX

Share this article

Share toX

SAN FRANCISCO, March 27, 2019 /PRNewswire-PRWeb/ -- Charlie Finance, a text-based AI chatbot radically changing the way people think and feel about money, today released initial findings from its 2019 Money and Dating survey. This inaugural study, conducted by Ipsos for Charlie, surveyed single millennial women (defined as being between the ages of 18-40 and never married) on how finances factor into considerations of compatibility for long-term love. The outcome could change how financial institutions serve this new generation and affect how wealth builds for generations.

The Key Takeaway: Women are changing the narrative of money and marriage. The majority of this group:

  • Prioritize mitigating financial risks of a partner
  • Does NOT see marriage as a path to financial security
  • Are waiting longer to have conversations that will evaluate financial risk

The Game has Changed
Title IX (1972), The Equal Credit Act (1974) and the Pregnancy Discrimination Act (1978) all passed in the decade before the first millennials were born, fundamentally changing the educational, financial and professional landscapes into which they grew up. It has launched the first generation of women who no longer have to rely on marriage for financial security.

Charlie has discovered that not only do the majority of women (66 percent) recognize that, they won't put their financial future at risk for marriage. It makes sense. Mortgage and other lenders consider the lower credit score when assigning risk to a couple, and in the event of divorce, the current gender pay gap and longer life expectancy of women can mean less financial security later in life with only 19% of divorced women feeling financially optimistic for their retirement.

Hard Numbers over Soft Hearts
When asked if they would rather date someone with a tattoo of their ex or someone with a bad credit score (defined as a score below 500), 54 percent of women chose the tattoo. While both may indicate a lack of responsibility, a history of poor borrowing and spending habits that make up 30 percent of your credit score has long-term consequences to a couple's ability to purchase a house or car, support children, and basic financial comforts of taking vacations or change careers.

"Sadly, we live in a financial system that doesn't benefit single women — even though we are working harder than ever, make up a larger percentage of higher degrees than men, and are savvier at saving for retirement, -- single women will actually end up spending a million dollars more in their lifetime on costs like healthcare, housing, retirement, etc. compared to their married counterparts," said Paola Heneine, Growth Manager at Charlie Finance. "Even with all the financial cards stacked against us, we still would rather stay single than marry someone who will drag us down financially."

Size Matters
The majority are less likely to enter into marriage with someone who will bring financial baggage.

  • Six in ten (58 percent) would be hesitant to marry their partner if they have a large amount of debt
  • Middle-aged women (ages 31-40) are less likely to marry someone bringing debt into a marriage (67 percent vs. 56 percent of those ages 18-30)

As the average cost of a wedding peaks at $33k in the U.S., close to half of women surveyed (49 percent) recognize that there is more value in skipping an engagement ring and using the cash value however they want -- pay bills, go on vacation, cover the wedding costs, pay for the honeymoon.

Money Talks, Eventually
As money becomes a bigger factor in determining the risk of a partner, the majority are still hesitant about engaging in conversations early on in a relationship.

  • Seventy-four percent of single women said they would rather not see any financial information — like credit score, student loan debt, or savings — upfront on a dating app
  • Nearly half (48 percent) said the subject of finances (debt, saving, spending, etc.) should only be discussed in a serious relationship

"While we love to point at the next big thing Millennials are killing, the fact that we are waiting longer to get married and prioritizing if a partner will bring us financial bliss or misery is forcing us to be smarter about how the financial decisions we make now will impact us long term," said Heneine. "My advice to single women is to always keep your financial independence. Your credit scores, savings, and financial worth have so much value and never let someone else take advantage of that."

Complete findings of the survey are available upon request.

Methodology
These are the findings from an Ipsos poll conducted January 23 - 31, 2019 on behalf of Charlie Finance. For the survey, a sample of 533 women ages 18-40 from the continental U.S., Alaska and Hawaii was interviewed online, in English. To qualify for the survey, women had to be single/never married. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll has a credibility interval of ±4.8 percentage points for all respondents. Full methodology available upon request.

About Charlie
Charlie is a friendly, smart financial assistant that wants to put your financial stressors at ease. Charlie wants you to sit back and relax while he tirelessly looks for ways you can cut expenses, find better deals on the services you already use and help you avoid bad financial surprises. Think of Charlie as your bank account's bodyguard and your personal finance cheerleader. Simply put, Charlie's got your back. Charlie is backed by Norwest Venture Partners, Uncork Capital, Peterson Partners, frog, and Launchub Ventures. To download Charlie today, visit http://www.hicharlie.com.

About Ipsos
Ipsos is an independent market research company controlled and managed by research professionals. Founded in France in 1975, Ipsos has grown into a worldwide research group with a strong presence in all key markets. Ipsos ranks fourth in the global research industry. With offices in 89 countries, Ipsos delivers insightful expertise across five research specializations: brand, advertising and media; customer loyalty; marketing; public affairs research; and survey management.

Ipsos researchers assess market potential and interpret market trends. They develop and build brands. They help clients build long-term relationships with their customers. They test advertising and study audience responses to various media and they measure public opinion around the globe. Ipsos has been listed on the Paris Stock Exchange since 1999 and generated global revenues of €1,782.7 million in 2016.

SOURCE Charlie Finance

Related Links

http://www.hicharlie.com

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.