KEY TAKEAWAYS

LendingTree reports 36% of Americans lost friendships over money issues.

Sixty-nine percent declined social events due to cost; 39% lied about the reason.

Matt Schulz advises setting formal loan terms to preserve friendships.

SALT LAKE CITY — When it comes to money and friendship, many of us are struggling, according to new data shared with the KSL Investigators.

LendingTree has found that 36% of Americans have lost a friendship over money. Additionally, 69% have turned down a social event because it was too expensive, though 39% of those people didn't give the person who invited them the real reason why they declined. And nearly half of the people surveyed by LendingTree said they wouldn't loan $500 to even their best friend.

"Anytime friendship and money get involve

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