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Couples are happier when they talk about money

Baby boomers are less likely to talk weekly about money. (iStock)

Millennials may have one up on baby boomers.

According to TD Bank’s Second Annual Love & Money Survey, couples of all ages are happier when they talk about money. Seventy-eight percent of couples who talk weekly about money say they are happy as opposed to 60 percent of couples who talk every few months and 50 percent who talk even less frequently.

But, it seems millennials are happier in their relationships and talk about money more often than older couples.

According to the survey, 62 percent of Americans talk about money with their partner at least once a week. But Millennials communicated much more often than other couples.

  • Among millennials, it’s 74 percent;
  • 63 percent among Gen Xers and
  • But only 56 percent of baby boomers talked at least weekly.

Other findings:

Boomers were more likely to combine their funds (64 percent); and Millennials were least likely 37 percent.

Millennials were more likely to keep all their funds in separate accounts (32 percent); that number was 27 percent for Gen Xers and 19 percent for baby boomers.

Other news: 

It goes beyond Wells Fargo: Concerns grow of sales tactics in the banking industry

Business experts review Wells Fargo’s turn in the hot seat

Sen. Elizabeth Warren says Wells Fargo executives should give back bonuses

How much you need to earn to buy a house in these major cities

Question of the week: Do you and your partner or spouse have joint or separate checking accounts, or both. Why? Send comments to Please include your name, city and state. In the subject line put “Couples and Money”

Last week’s question: Are you planning to work in retirement? 

Alan Homer of Portland, Ore., wrote:
I’m 56. My goal is to work into my early 60s, retire from the current job and be more involved in passive investing (stocks, bonds, real estate) and in charitable organizations such as my church, and other nonprofit organizations. I will still be working.  But it will be a time where money, medical insurance and saving for retirement will become secondary to a primary purpose of giving back to the community.
The goal will be to help family improve their circumstances, help schools teach students in today’s global interconnected world and to help less developed areas improve their infrastructure (water, sewer, electricity, and internet).

Joann G. Becenti of Crownpoint, N.M.:
As long as I am able to stay healthy, I plan on working.  It is not only the work itself that I enjoy, but the sense of community that I share with the people I work with.  It gives me a reason to get up in the morning.  I watched my father, after he retired because he thought that he should.  He went from a vital content individual to a depressed and sad old man.  He developed health problems after he retired and I believe it was because he felt no purpose to his life.  I do not want that to happen to me.
You will find me at work as long as everyone around me can stand it!

Thom R. of Bay Shore, N.Y.:
>After making a career change at 28 and doing commercial a/c and refrigeration service for 33 years, I retired at 62 with a full pension, medical till 65, and I started SS the beginning of last year, there is no way in heck I’m working again.

I could be out at 2 a..m, after doing an 8 hour day. Out on weekends or holidays. Luckily I got in decent condition though I had both knees scoped, one in 2013 and one in 2014. I read, get the Washington Post online, and comment on posts, getting caught up on movies, bought a ps3 and play with that. We are doing rooms in a house that I didn’t have money or time for 30 years. I walk in our local mall 4 to 4.5 miles a morning six days a week.

I think you’ll find most blue collar tradesmen don’t work if they don’t have to. Of course with the demise of unions and pensions, this will be less prevalent.

Jay Sharp wrote:

I “retired” at 72 on my own decisions from the computer technology field.  Within two weeks I was a regular volunteer, building homes with Habitat for Humanity and will continue to do so as long as I’m able. I also play golf and make at least one ski trip each winter to Colorado. I have something scheduled every day of the week and can’t imagine not being busy. So, one could say I’m “working in retirement.”  I wouldn’t have it any other way. I’m 84 now and living the dream.

My  most recent retirement columns:

5 things to do now to get ready for retirement

The art of keeping an eye on your aging parents

California is the latest state to try to help people save for retirement

When did retirement become a dirty word?

Launching a business: Don’t let your dream drain your retirement savings

Michelle Singletary’s Color of Money columns:

Trouble paying bills? Sent some financial rules and stick to them

The economy and the election

Debt, the financial version of a weight loss struggle

How much money should you leave when you die?

Write Brooks at The Washington Post, 1301 K St. NW, Washington, D.C., 20071, or On Twitter @Perfiguy. Personal responses may not be possible, and comments or questions may be used in a future column, with the writer’s name, unless otherwise requested. To read more, go to