Young British couples have been thrown the mantle of some of the most secretive couples in Europe when it comes to sharing this one key aspect about their personal lives
Young British couples have been dubbed on of the most secretive in Europe when it comes to this one thing (Stock)
Young British couples have been dubbed one of the most secretive couples in Europe in as new data reveals one thing many Brits keep from their partners while dating. The data from Europe’s second largest neobank, bunq, has revealed that around one in three Brits admit to hiding their financial decisions from their partners.
While the data is distressing, Brits do not actually hold the number one spot for the most secretive couples in Europe when it comes to money – that title actually goes to French couples. Despite the secrecy Brit have when it comes to their pockets there is good news, as British are less likely to bicker over their finances in comparison to their European counterparts.
The alarming data collected by bunq – in a 4,000 person strong survey across parts of Europe – found the Brits were the most likely to opt out of sharing their personal finances in a shared account with their partners – with around two in five (39%) of couples aged between 18-24 keeping their money completely separate.
Brits were the most likely to opt out of sharing their personal finances in an account with their partners in data collected across several European countries (Stock)
Matthew Sheeran, External Relations Manager at Money Wellness has weighed in on the subject explaining why so many young British couples are so apprehensive about sharing their personal finances with their partners.
“Younger people are more likely to keep finances separate because financial independence can feel safer, especially in today’s climate of rising costs and economic uncertainty.
“There’s also a trust element. We often help people who’ve taken on debt after relying too much on a partner or avoided money conversations until it was too late,” he said “Keeping money separate works for many couples, but open conversations are key. Talking about finances early helps avoid surprises and build trust, whether you choose to share or stay separate.”
Young Brit couples tend to keep their finances close to their chest (Stock)
Despite the trend of younger British couples keeping their finances separate from their partners, bunq found older British age groups are more likely to share at least part of their finances – with around one in six British couples from the age range of 25-34s admitted reported using fully joint accounts.
On the topic of relationships the Daily Star previously reported on the shocking statistic that 36% of people have claimed to have dumped their partners in the week leading up to Valentine’s Day.
In an interview with the the Daily Star, Vicki Pavitt, a love, dating and relationship coach – who’s been working in the field for more than a decade – weighed in. The expert revealed why Valentine’s could be such a turbulent time for some couples because of the “pressure” that came alongside the holiday.