Although there maybe lots of doom and gloom around the credit crunch, it does seem that the credit crunch is good for one thing: relationships.
Research by Cahoot shows that 27% of us feel that we are “less likely” to break up with our significant other due to the current economic downturn, as we believe that it costs more to remain single. So although couples are not staying together for romantic reasons, it seems more of us are willing to weather any storms together so that we can avoid seeking debt advice due to financial problems.
Matthew Timms, managing director of cahoot, comments: “There are clearly economic benefits to being in a relationship, such as shared bills, lower rent and even reduced car insurance premiums. The cost of being single can extend to thousands each year.”