Afraid you're being spent into the poor house by your spouse or child? According to CreditCards.com, approximately 17 million people in the U.S. have peeked at the spending habits of someone with whom they share a credit card account.
That's a lot of spying.
But Matt Schulz, CreditCards.com’s senior industry analyst said there's a lot on the line when you share an account. “It's important to know what the other person is doing,” Schulz said. “Ideally, you'd talk frequently and openly with the other person, but if that doesn't happen, checking in on your fellow account holder's spending can help you sniff out problems before they get out of control.”
However, the study shows arguments over spending have decreased since 2008, from 19 percent reporting they've been in a conflict over a shared credit card, to 12 percent in 2016.
The biggest snoopers were the people in the highest and lowest income brackets, tied at 24 percent. That includes annual household incomes of $75,000 or more and less than $30,000, respectively.
Click here to read the entire report.
