Many in the dark over partners’ finances

personal finance

Over 5.5 million people don’t actually know how much their partner earns, research from part of the Think Money Group suggests.

At the same time, an estimated 6 million say that their partner doesn’t know how much they earn.

The survey, conducted for All About Money, found that around 2 million people have lied to their partners about how much they earn. A million told their partner they earn more than they actually do, and another million told their partner they earn less.

Just over 8 million people – that’s one in five partners – have savings that they keep secret from their other half. 22% of women have money put away, compared with 20% of men. Although women are slightly more likely to be stashing their cash, men have over £3,000 more (£8,554.53) hidden on average than women do (£5,391.41). The average amount stashed away overall is £6,805.51 – but 18% of people with a secret money stash are hiding over £10,000.

Ian Williams from All About Money said: “For most people, relationships are built on trust and openness – and our research shows that this honesty usually extends to our finances too. However, there is a minority that don’t take that approach. Some people are misleading their partners about how much they earn, or stashing some cash away ‘just in case’.”

OnePoll Research carried out a survey of a representative sample of 2,000 UK adults on 02.05.13. Figures have been extrapolated to fit ONS 2013 population projections of 50,371,000 UK adults.

Exit mobile version