Kevin O’Leary ‘forbids’ couples to merge their finances, warns lacking financial identity could spell disaster

“Shark Tank” star and investor Kevin O’Leary says he “forbids” couples to merge their finances, warning that lacking your own financial identity could spell disaster should your personal life take a turn for the worse.

“You must, in this society, maintain your own financial identity. You have to. Because 50% of marriages end in divorce for financial stress over the first five years of marriage, and even if you have a long-term situation and anything would happen to your spouse, such as death… [and] you don’t have your own financial identity, you’re in the wilderness in America,” he told FOX Business’ Stuart Varney