February 12, 2014 6:13 am

Top reason for divorce? Money, says BMO poll

Watch the video above: Money troubles trump cheating, says new survey. Minna Rhee reports. 

TORONTO – A new survey suggests that Canadian couples may be more willing to forgive a cheating spouse than to overlook money problems.

According to the poll by the Bank of Montreal (TSX:BMO), 68 per cent of those surveyed say fighting over money would be their top reason for divorce, followed by infidelity (60 per cent) and disagreements about family (36 per cent).

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The survey, released ahead of Valentine’s Day, also found discrepancies not only over who is in charge of finances for a household, but also who is to blame when budgets go awry.

Forty-one per cent of men say they handle the finances in their relationship; while only 15 per cent say it’s their partner who is in charge of their money.

That compared with 32 per cent of women who considered themselves the one calling the financial shots in their relationship, compared with 19 per cent who said that was their partner’s job.

The survey was conducted by Pollara with an online sample of 1,001 Canadians aged 18 and older, between Jan. 24 and Jan. 28. The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.

© The Canadian Press, 2014

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