And the more they talk, the happier they are.

Millennials claim not to care about making money — but they sure care how much their partner makes.

Forty-six percent of millennials who date online ask how much their date makes before meeting in person, compared to 28 percent of every other age group, says a TD Bank study.

And millennials who talk about money in relationships the most are the happiest. Ninety percent of happy couples discuss their finances at least once every month, compared to 68 percent of unhappy couples.

A similar September 2016 TD Bank study found that couples (78 percent) who speak about money weekly were happier than couples (50 percent) who bring it up “less than every few months.”

This is especially true among millennials. Almost three quarters (74 percent) said they talk about finances weekly. An additional 19 percent said they spoke about it at least monthly.

Money mistrust

Despite these money talks, some couples hide parts of their finances from their partner. The most common financial secrets are a bank account (48 percent), a large amount of credit card debt (37 percent), or a bad credit score (32 percent), says the 2016 TD Bank study.

Millennials (22 percent) are twice as likely as Gen Xers (11 percent) to have a financial secret in a relationship. Four percent of the workforce’s youngest generation is five times more likely to hide money in relationships than Baby Boomers.

While they’re (54 percent) less likely than Gen Xers (58 percent) and Baby Boomers (39 percent) to believe it’s easy to find true love, more millennials (46 percent) find it easier to achieve financial success. This is compared to forty-two percent of Gen Xers and 61 percent of Baby Boomers respectively.

Millennials are also putting off marriage and other life milestones to focus on saving and working toward financial security before purchasing a home and starting families.

“Generally, people can envision what steps they should take to achieve financial success and what milestones to target. But true love can be a bit more elusive,” said Jason Thacker, head of U.S. Consumer Deposits and Payments at TD Bank. “Financial success also feels more within one’s personal control than finding true love which can be heavily dependent on a variety of unique factors.”

Calling it quits

And millennials appear to be less forgiving than their older counterparts. They’re (20 percent) twice as likely  to break up with their partners if they discover a financial secret. Ten percent of every other generation would end the relationship.

“Secret bank accounts, or major debt not revealed, are secrets that can really impact trust and intimacy in a relationship,” says April Masini, author of the “Ask April” advice column, who analyzed the results of the 2016 TD Bank study. “The damage is never about the money — it’s about the secret. The secret is the damaging dynamic.”

To those who aren’t talking about money in relationships, they may want to start. Even if it’s difficult to get in the habit, it may help their relationship last longer.

“Talking about money can be uncomfortable,” says Ryan Bailey, head of Consumer Deposits, Payments and Personal Lending at TD Bank. “Establishing a healthy dialogue about finances can help couples get on the same page from the start and result in happier relationships in the long run.”

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Meet the Author

Joe Pye

Joe Pye

Associate editor

Pye is the associate editor of


Baby Boomers, couples, Gen X, millennials

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Article last modified on September 4, 2018 Published by, LLC . Mobile users may also access the AMP Version: Millennials Talk About Money More Than You’d Think - AMP.