How can lending money ruin a friendship

we can all agree that these five words are the ultimate friendship killer: “can i borrow some cash? ”

luckily for all of us who really, really don’t want to lend our friends a few bucks for coffee or even more bucks for rent, bank of america conducted its first “friends again” report, which analyzed the impact of money on friendships.

“we know money causes strain and stress in friendships,” meredith verdone, chief marketing officer at bank of america, said via email. “this is why we studied the effect of money on relationships in this first-of-its-kind friends again report.”

verdone explained, the report outlines the difficulty and uneasiness that can come with friends owing or being owed money. as the report found, an astonishing 71% of americans have loaned friends at least some money and have yet to be paid back. moreover, about two in five americans said they would be willing to end a relationship with a friend for not paying them back. of those, almost three-quarters said they’d be willing to end a friendship for $500 or less.

“if all it takes is the repayment of a small debt -- whether someone forgets they owed money or just didn’t have money on hand to pay a bill -- we want to mend relationships so people can be friends again,” verdone added.

to mend broken financial friendships, the banking giant created “pay back a friend day,” which happens to be today, oct. 17.   the day, according to bank of america, is “an entire day designed to demonstrate that no matter how long it’s been or how much or little you owe, our friendships are greater than any debt.”

this one is confusing

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