May 04, 2012
Ilan Hirschfeld, Partner-in-Charge of the New Jersey Offices, Quoted in CNN Money Article "Lying to Your Spouse About Money? Join the Club"
By Jessica Dickler
Lying about money can ruin a relationship, but couples still do it all the time.
Three in ten adults who are married or living with a partner cop to committing some form of financial infidelity, including hiding purchases and splurging on big-ticket items without discussing it first, according to a report released Friday by the American Institute of Certified Public Accountants.
Some have gone even further. According to the survey, 7% have kept a work bonus or lottery winnings under wraps, 4% have secret savings or retirement accounts and another 4% have withdrawn a significant sum from a joint account on the sly.
These types of deceptions "take their toll and dramatically exacerbate the emotions," said Ilan Hirschfeld, partner in charge of the marital dissolution practice at Marcum LLP, a New York-based accounting firm.