As if dating isn't hard enough, Gen Z and millennials are discovering they now also have to worry about financial future faking.
Financial future faking is "like long-term partner catfishing about money," according to Fortune. A person, usually already in a relationship, will lie or exaggerate about their financial stability, income, or assets to create a false sense of security to lock in a partner. The person often makes unrealistic promises about homes, travel or investments that never happen and frequently lead to divorce.
Financial hopes and dreams aren't a problem, but when they are believed without any proof or foundation for them, troubles emerge, experts said. Loans are taken, savings are invested, accounts are merged and losses — both financial and emotional — result. To help ease fears of financial future faking in dating, Gen Z and millennial daters are actively debt-proofing their dates, according to a new Hily Dating App survey.
Considering someone's financials is "very appropriate," said Steve Azoury, financial consultant and owner of Azoury Financial. A relationship "should not be about money, but money has to be big part of it."
Finding out someone's credit score would be helpful, according to Hily Dating App's survey. One in five Gen Zers and a quarter of millennials said dating apps should add a credit score filter, data showed.
