Thursday, December 27, 2012

What is Cupid's credit score?

From Perfect 10? Never Mind That. Ask Her for Her Credit Score by Jessica Silver-Greenberg.
The credit score, once a little-known metric derived from a complex formula that incorporates outstanding debt and payment histories, has become an increasingly important number used to bestow credit, determine housing and even distinguish between job candidates.

It’s so widely used that it has also become a bigger factor in dating decisions, sometimes eclipsing more traditional priorities like a good job, shared interests and physical chemistry. That’s according to interviews with more than 50 daters across the country, all under the age of 40.

“Credit scores are like the dating equivalent of a sexually transmitted disease test,” said Manisha Thakor, the founder and chief executive of MoneyZen Wealth Management, a financial advisory firm. “It’s a shorthand way to get a sense of someone’s financial past the same way an S.T.D. test gives some information about a person’s sexual past.”

It’s difficult to quantify how many daters factor credit scores into their romantic calculations, but financial planners, marriage counselors and dating site executives all said that they were hearing far more concerns about credit than in the past. “I’m getting twice as many questions about credit scores as I did prerecession,” Ms. Thakor said.
For all their biases, I love the amount of content that the New York Times generates. That said, they do have a tendency to try and spot emerging trends before they are real. This might be one of those instances.

However, it does pose an interesting conundrum. I am keen that in general, we need to pay close attention to how we represent reality through our measures and believe that measurements are a critical element to good decision-making. That said, I am left somewhat wary of the implications of heavily relying upon credit scores in the affairs of the heart. Assortative mating based on education, income levels, religion, etc. is already prevalent. Adding credit scores into the mix makes practical sense from a logical perspective but still. . .

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