Thursday, January 25, 2018

Financial infidelity: One in five Americans hides bank account


One in five Americans has hidden at least one bank account or credit card from their spouse or partner, a survey has found.

Younger people tended to be more likely to keep an account from a partner, with almost a third of millennials (people aged 18-37) admitting to having done so, according to the study by YouGov Plc, an internet-based market research and data analytics firm.

Twenty-four percent of Gen Xers (aged 38 to 53) had hidden assets, and 17 percent of baby boomers (54 to 72) admitted to having hidden an account, it added.

Just eight percent of people 73 or older had hidden a card or account, it said.

The study also found that almost a third (31 percent) of Americans said that keeping a card or account secret was worse than cheating romantically.

Meanwhile, 11 percent of all couples say they never discuss their combined finances.

source: news.abs-cbn.com