Britons keep 'money secrets'
Published On 19 November 2007
Brits are keeping secrets when it comes to their money, preferring not to divulge details of their income and expenditure to their partners.Research from Cater Allen Private Bank shows that just ten per cent of people believe a couple should open a joint account as soon as they move in together, while 24 per cent believe you should never do so.
It also reveals that 30 per cent of people are hiding a financial secret such as credit card debts or a secret savings stash and from their partner and 44 per cent have lied to their partners about the cost of a purchase.
Other information people choose not to disclose to their other half includes details of loans taken out, salary levels and assets such as property.
Richard Dunn, managing director of Cater Allen said: "While it has traditionally been considered bad manners to talk about money this research shows that modern Britons are not comfortable with being upfront about their financial affairs too."
Meanwhile separate research from Fool.co.uk shows that one third of Brits think talking about their finances is rude.
