Young Americans are getting tired of ‘dating losers’ and want someone who will pay for dinner – here’s why US singles can now hold out for both love and money

The financial factor in modern dating

While the idea of dating someone for their wealth isn’t exactly revolutionary, searching for both love and money on apps can be more complicated than it seems. The Federal Trade Commission (FTC) reported that in 2022 alone, 70,000 Americans fell victim to online romance scams, collectively losing over $1.3 billion to con artists.

These scams often target individuals who are looking for a financially stable partner and do not recognize the potential dangers of focusing too much on someone’s wealth in the digital dating world.

Despite the risks, it seems that financial considerations are now firmly intertwined with the reach for love.

Kiss your credit card debt goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

Explore better rates

Is modern dating hopeless?

As financial considerations become more central to modern dating, it’s easy to feel disillusioned. With platforms like OkCupid now asking users about their financial status, such as “Would you date someone with considerable debt?” – it might seem like love is being overshadowed by money.

However, according to a Valentine’s Day survey by Bread Financial, while some singles are intrigued by wealth, most are attracted to financial responsibility. This means budgeting, saving and managing debt rank higher in desirability than flashy wealth.

While occasional gestures like picking up the tab are nice, they’re not the foundation of a long-lasting relationship.