The financial metric is sparking interest on dating apps. For some people, it speaks volumes about whether a prospect will prove a reliable partner.
By Harriet Torry of The WSJ. Excerpts:
"A survey this year by personal-finance company Credit Karma found that two-thirds of Americans said it’s important that their partner has a good credit score. Half of those who have used a dating app, or are open to using one, wish the apps could filter by financial status, according to the survey of roughly 1,000 people.
Another personal-finance company, Neon Money Club, temporarily set up a dating app this year for people with a credit score of 675 or higher. The company said the app, Score, attracted about 18,000 users in the six months it was operating."
"People with good credit will have an easier time getting a mortgage or a car loan, and a lower interest rate—something that might be appealing to a potential partner.
But Dylan Selterman, a social psychologist at Johns Hopkins University, said credit scores aren’t going to be a strong predictor of whether two people will find romance, unlike traits such as values, morals or attachment style.
“That being said, financial resources and just the ability to have a stable life together—those are very important things for the logistics of a relationship,” he said. “It’s hard to have a relationship if you’re struggling to make ends meet.”
Stanford University sociologist Michael Rosenfeld, who studies mating and dating, said credit scores can serve as a proxy for other kinds of trustworthiness, since they take into account whether a person has repaid their previous loans.
“Long-term relationships carry risk,” Rosenfeld said. “One wants to know if the person in question pays their bills or has a tendency to duck out from responsibilities.”
A 2019 survey by the Pew Research Center asked people their reasons for wanting to get married. The top answers were love and companionship. Almost 40% of the respondents who were already living with a partner said finances were a major reason too. Only 14% said it was because they wanted to have children.
On the dating app OkCupid, daters who keep a budget get 25% more matches and have 16% more conversations on the app than those who don’t, the company said. In 2022, OkCupid found a third of daters said it was important that their match has a high credit score."
Pepper…and Salt, from The WSJ, August 22, 2024.
Pepper…and Salt, from The WSJ, Sept. 11 22, 2024..
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