Polite Brits avoid money talk
November 18, 2007 by admin
Filed under News, News-Banking
Brits shy away from the “rude” topic of money in conversation, according to Fool.co.uk.
The website ran a study called Let’s Talk About Money, which showed 30 per cent on the 1,500 UK adults asked, stating that taking about money is rude as it is a personal subject that should be kept private.
As many as one in seven Brits say they are worried about what people might think of their financial situation while 16 per cent are embarrassed about their levels of debt.
Other figures show 33 per cent of respondents feeling uncomfortable about let slip how much they earn with 49 per cent thinking that nobody would be interested to know about their monetary affairs.
David Kuo, head of personal finance at Fool.co.uk, commented: “It’s a shame that when it comes to money, Brits are still stuck in the dark ages, too proud to talk about their financial situation which conforms to the typical British stereotype.
“Talking openly about money, especially with close friends and family has many benefits. Money matters can often spiral out of control if you don’t seek advice from others.”
