Ramit Sethi on Why Splitting Bills 50/50 May Be Financially Toxic For Some Couples — Even with Six-Figure Incomes

Christine and Thad have been living together for six years. (Credit: Youtube)

Christine, 47, and Thad, 57, have been together for over six years. Despite having a combined income of $167,625 (£125,378) annually, the couple has $339,000 (£253,561) in debt, zero assets, and a meagre savings of $2,612 (£1,953).

Thad's $17,000 (£12,715) student loan has ballooned up to $125,000 (£93,496), while Christine has $180,000 (£134,634) in outstanding student loan debt, which she believes is impossible to pay off in this lifetime. Together, Thad and Christine have nearly $250,000 (£186,992) in student loans.