UK Wedding News
04/09/2017
The research was commissioned by MoneyMagpie.com as part of a wider study by Opinium Research, and involved more than 2,000 adults.
Of those polled, 34% of married and living-as-married couples had chosen to keep their bank accounts separate.
Couples who had been together for more than 30 years were more likely to have a joint account (80%), but this compares to just 52% of those in relationships of less than six years. The figure falls again to 40% for couples in a relationship of less than three years.
For those couples who do not have joint accounts, 81% said the main reason was for financial independence.
Meanwhile, of those who do share an account, 24% said they felt guilty using combined funds for their own personal use or enjoyment. 34% of respondents agreed that having individual accounts was fairer on their other half, in that it reduced the risk of excessive spending.
Commenting on the findings, Jasmine Birtles, Founder of MoneyMagpie, said: "The results of this research appear to suggest that more people than ever before are choosing to keep their finances separate after getting married or moving in together.
"For a considerable number of people, it seems, the decision to retain financial autonomy is not based upon money at all but rather upon the long-term health of their relationship."
(JP/LM)
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Separate Bank Accounts 'Could Lead To A Happy Marriage'
A new survey has suggested that the key to having a long and happy marriage could be to have separate bank accounts.The research was commissioned by MoneyMagpie.com as part of a wider study by Opinium Research, and involved more than 2,000 adults.
Of those polled, 34% of married and living-as-married couples had chosen to keep their bank accounts separate.
Couples who had been together for more than 30 years were more likely to have a joint account (80%), but this compares to just 52% of those in relationships of less than six years. The figure falls again to 40% for couples in a relationship of less than three years.
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For those couples who do not have joint accounts, 81% said the main reason was for financial independence.
Meanwhile, of those who do share an account, 24% said they felt guilty using combined funds for their own personal use or enjoyment. 34% of respondents agreed that having individual accounts was fairer on their other half, in that it reduced the risk of excessive spending.
Commenting on the findings, Jasmine Birtles, Founder of MoneyMagpie, said: "The results of this research appear to suggest that more people than ever before are choosing to keep their finances separate after getting married or moving in together.
"For a considerable number of people, it seems, the decision to retain financial autonomy is not based upon money at all but rather upon the long-term health of their relationship."
(JP/LM)
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