Gen Z couples are more likely than older generations to keep finances separate. Here’s why

Nearly 40% of couples who live together fully merge their finances, regardless of marital status.

However, financial habits differ across generations.

Gen Z adults are likelier to keep their finances separate, while Baby Boomers tend to pool their money.

Combining finances can provide advantages, but can also involve anxiety and erode financial independence.

Many young couples opt for separate finances to maintain their autonomy.

Couples with lower incomes may maintain separate finances due to financial institutions’ complexities or shame about their debts.

Additionally, Gen Zers’ reliance on technology like Venmo reduces the need for joint accounts.

Some couples prefer a “yours, mine, and ours” approach, allowing individual financial freedom while covering shared expenses through joint accounts.

Open and honest communication about finances is essential to avoid arguments and financial infidelity.

Both partners should agree on contribution amounts to shared accounts and allow each other some financial autonomy.