Half of couples jointly share household financial
responsibilities, according to a March 2013
by TD Ameritrade and LearnVest. But how they divvy up financial
chores varies by gender.
While women tend to take the reins on day-to-day financial
decisions, grocery purchases and household budgets, men tend to
volunteer for long-term financial planning tasks (such as investing
decisions and retirement savings) and yearly tax returns. The
graphic below shows the percentage of male and female respondents
who said they were solely responsible for various tasks.
The survey also looked at how complicated combining finances is
for modern couples. Because couples are marrying later in life,
each partner brings various assets and obligations to the table --
and that's worrisome for newlyweds: 40 percent of respondents said
they do not completely trust their partner to manage their joint
"With the median age for first-time marriages approaching 30,
combining finances is not as simple as it once was," said Carrie
Braxdale, managing director of investor services at TD Ameritrade,
in a news release. "Couples are bringing more financial baggage
into the relationship than ever before. They have 401(k)s, student
loan debt, investments and even mortgages. "
Love me love my debt? No way, poll says
To use the graphic on your site, use the following
alt="CreditCards.com infographic: How couples divide up financial