Financial Openness at home

Financial Openness at home

According to the BBC, “Four in 10 keep 'money secrets' from loved ones.”  The BBC states “Almost four in 10 people are keeping "money secrets" from their loved ones, including hiding debt problems, the Money & Pensions Service (MaPS) says. The most common secrets are hidden credit cards (37%), undisclosed loans (23%) and secret savings accounts (21%), the government body said.”

“The survey, which covered 5,200 people nationwide, suggests there is still a stigma around talking about your personal finances in Britain.” “Almost 40% of respondents said they stayed silent about concerns, often due to feeling embarrassed or a fear of being judged.”

“Millennials aged 25-34 were the most secretive generation, with three in five hiding details of their finances.” Read the full article here  

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