Lending Between Family or Friends is Likely to Result in Guilt, Hurt Feelings, or Regret, LendingTree Survey Finds
(World News Science)

CHARLOTTE, N.C., Nov. 13, 2019 /PRNewswire/ -- More than 60% of Americans have borrowed money from or lent money to friends and family in the last five years, according to LendingTree`s recent survey of over 1,000 Americans. With 35% of those who have lent money nearly a third of borrowers and lenders reported negative consequences resulting from the loan, ranging from hurt feelings (14%) and resentment (10%) to irreparable harm to the relationship (4%). Key Findings 44% have borrowed money from a family member or friend in the last 5 years. Parents (43%), siblings (19%) and friends (19%) were the most common lenders among respondents. 51% have loaned money to a family member or friend in...