Managing money is top of mind for many mass-affluent married couples, more so than the election, work, sex, and even their kids. Thats one of the most striking takeaways from the Bank of Americas latest Merrill Edge report on mass-affluent consumers, those with $50,000 to $250,000 in total household investable assets.
Almost seven in 10 mass-affluent couples (69%) discuss their finances at least a few times a month, covering everything from debt reduction to saving for college and retirement. Thats more than what many spend talking about other topics, such as home-improvement projects. More than one in three (34%) say they spend more time discussing their finances than their sex life. Almost one in four (24%) talk more about their finances than their kids.
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