The Prudential seems shocked to find that many couples aren’t entirely honest with each other when it comes to their finances.
The deceptions uncovered were manifold: there were secret squirrel savings accounts, undisclosed credit card debt and personal loans (and occasionally mortgages)- as well as a general lack of truthfulness about how much each earned.
The research found that a surprising one in six said their partner did not know what their salary was. Not surprisingly, in most cases they thought take-home pay was significantly less that it actually was.
In total, the Prudential reckons couples today have ‘millions of pounds’ in money secrets. This make a good headline figure, but it’s worth remembering that there are millions of couples in the UK – so the value of many of these ‘money secrets’ will be relatively small.
The UK’s largest insurance company clearly thinks that honesty is always the best policy and urges couples to have frank discussions about the true state of their finances.
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