Finances are taboo
May 11, 2007 by admin
Filed under News, News-Banking
Most of us are more comfortable talking about health issues with friends and loved ones than we are discussing finances.
That is according to Scottish Widows which carried out research into the subject and found that banking has become a taboo subject.
Two thirds of us apparently do not tell our family members how much we earn and only one third know how much our partners earn.
One in five admit to being uncomfortable talking about salary, savings and investments with out partners, yet we are most comfortable discussing money with our work colleagues.
Men are said to be twice as likely to reveal their salary to a work colleague as they are to their mates.
Scottish Widows’ customer and brand marketing director Mike Hoban is surprised by the trend but says that it also explains why many people’s finances are in a mess.
“As a nation, we’ve become increasingly liberal – we are happy to talk to our loved ones about sex, relationships and health problems, but despite this modern trend in honesty it seems that money is now the topic we avoid,” he said.
“It’s no surprise that the nation is under-saving and under-preparing for the future when money is clearly such an uncomfortable subject.
“If you really can’t face discussing money with people you know, it might be a good idea to seek professional financial advice,” he added.
