One in five people doesn’t want to tell anyone what they earn, not even their PARTNER
One in five people refuse to tell anyone, including their partner, how much they earn, according to a survey by NatWest Premier, the bank’s financial planning arm.
Less than a third of parents share with their children how much they earn, the report said. But secretive couples should be open about their money to avoid the relationship coming under pressure later, the bank has warned.
Those with higher salaries are more willing to talk about their income. Only one in ten workers earning more than £100,000 a year keep their salary secret.
Secretive: Couples should be open about their money to avoid later pressure on the relationship
Younger generations are more likely to disclose their finances, as only 14 percent of 18 to 24-year-olds don’t want to share their salaries with anyone.
However, 25 percent of 45 to 54-year-olds keep their income secret, as do 19 percent of 35 to 44-year-olds.
Laura Newman, head of NatWest Premier Financial Planning, says: ‘A lack of transparency around money, even in committed relationships, can often lead to problems later. It is important that you work together – with your lifelong partner and banking partner – to plan the finances.”
Ms. Newman says you should set up a time in advance to talk to your partner so he or she doesn’t feel blindsided.
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