Consumers conceal financial truths from loved ones
A recently conducted survey has revealed that almost 1/2 of all Brits; actively hide particular details of their personal finances from a spouse or partner.
The study, conducted by a private investment firm, also revealed that more the 25% of people are untruthful with regards to the true cost of purchases, when questioned by their partner.
Financial untruths appear to be most prevalent amongst the younger generations, with people aged between 26 and 35 being the most likely demographic to cohere to the trend. The most popular scenarios in which such untruths have been found to stem from include personal shopping trips, self-pampering, and the covering up of credit card bills.
One expert suggested that changes in society coupled with a change in way in which we manage our finances are most likely to blame. Very few people are happy to reveal the actual truth of their financial affairs to a close friend or family member, unfortunately however this trend also appears to have spilled over into personal relationships.
In related news, it has also been revealed that approximately 1 out of every 5 relationships will break down as a result of an argument, fuelled by a financial discrepancy. Relationship councillors have suggested that being open and honest with regards to personal finances, is the only way for couples to avoid such incidents.
