UK Wedding News
14/11/2014
More than one in 10 people in Britain will lie to their partner about finances than any other subject, a new study has revealed.
The research, commissioned by Legal & General, also found that money is one of the biggest stresses for two-fifths of adults.
Talking about money, whether with loved ones or close friends, is still said to be a 'taboo' subject among many, but while more than one in 10 will lie about money issues to their partner, this figure increases to almost a quarter of people between the ages of 25 and 34.
Among the fibs told are how much debt they are in (22%), how much money they have saved (21%) and how much the person earns (15%). For 11%, they go as far as to hide their credit card statements from their other half, while 8% admitted they have no idea how much their partner earns.
Elsewhere, the study asked respondents to list the top 'taboo' conversation topics, between 'couples', 'close friends' and 'parents'.
Between couples, the biggest taboo subjects are past romantic relationships (45%), annoying habits (43%) and weight (38%), while between close friends, debt topped the list with 46% of the vote. Annoying habits (44%) and family scandals (41%) also featured. When it comes to talking with parents, debt (35%), death (33%) and annoying habits (32%) were the subjects most likely to be off-limits, while family scandals (31%) and past romantic relationships (30%) were others.
John Pollock, Legal & General Assurance Society executive director and chief executive, is quoted as saying: "Taking the time and having the confidence to talk about financial planning is hugely important – not just for financial reasons but for our wellbeing too.
"Despite this, one in five people would prefer to avoid talking about their finances and leave their financial planning to chance. We need to break this social norm and start talking about money. No matter what the situation or stage of life, achieving financial security begins with having the right conversation."
(JP/CD)
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1 In 10 Lie About Finances To Their Partner
More than one in 10 people in Britain will lie to their partner about finances than any other subject, a new study has revealed.
The research, commissioned by Legal & General, also found that money is one of the biggest stresses for two-fifths of adults.
Talking about money, whether with loved ones or close friends, is still said to be a 'taboo' subject among many, but while more than one in 10 will lie about money issues to their partner, this figure increases to almost a quarter of people between the ages of 25 and 34.
Among the fibs told are how much debt they are in (22%), how much money they have saved (21%) and how much the person earns (15%). For 11%, they go as far as to hide their credit card statements from their other half, while 8% admitted they have no idea how much their partner earns.
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Elsewhere, the study asked respondents to list the top 'taboo' conversation topics, between 'couples', 'close friends' and 'parents'.
Between couples, the biggest taboo subjects are past romantic relationships (45%), annoying habits (43%) and weight (38%), while between close friends, debt topped the list with 46% of the vote. Annoying habits (44%) and family scandals (41%) also featured. When it comes to talking with parents, debt (35%), death (33%) and annoying habits (32%) were the subjects most likely to be off-limits, while family scandals (31%) and past romantic relationships (30%) were others.
John Pollock, Legal & General Assurance Society executive director and chief executive, is quoted as saying: "Taking the time and having the confidence to talk about financial planning is hugely important – not just for financial reasons but for our wellbeing too.
"Despite this, one in five people would prefer to avoid talking about their finances and leave their financial planning to chance. We need to break this social norm and start talking about money. No matter what the situation or stage of life, achieving financial security begins with having the right conversation."
(JP/CD)
Top stories
20/03/2020
LeToya Luckett-Walker Is Pregnant
Charlotte Crosby Finds New Romance
Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
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Susanna Reid's Mother's Day Plans
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