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Money secrets kept from partners

Updated on 19 November 2007

Source PA News

Nearly a third of Britons are hiding a financial secret from their partner, with people lying about their salary, savings and debts, a survey showed.

About 30% of Britons were not being totally open about their financial situation with their other half, while 44% admit they have lied to them about the cost of a purchase, according to Cater Allen Private Bank.

One in 10 people admitted they had a secret savings account that their partner did not know about, 9% had a credit card debt they kept quiet about and 3% had even taken out a loan without telling their other half.

A further 3% of people said they had lied about their salary and 2% even had assets, such as an investment or a property, that they kept secret.

About 27% of women have lied about how much they had spent on clothes, something just 9% of men have done.

But men were more likely to lie about spending on gadgets at 20%, compared with only 8% of women.

A third of both sexes said they had not been honest about how much they had spent on a present, and 4% of those questioned had lied about the cost of a holiday.

Richard Dunn, managing director of Cater Allen, said: "While it has traditionally been considered bad manners to talk about money, this research shows that modern Britons are not comfortable with being upfront about their financial affairs too."

ICM questioned 1,000 people during October.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

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