Love means never talking about money?

Comment on this story
money sxc Right now, I have no idea who I bank with or how many accounts I may have.

London - As many as one in seven couples over the age of 40 admit they have never discussed their finances with each other, a survey has found.

Fears of sparking an argument and embarrassment were given as the main reasons to shy away from the topic.

Money was a major cause of rows for nearly a quarter of the 2,000 over-40s surveyed, all of whom were living with a partner, with only household chores and family causing more arguments.

Even for those couples who did discuss their finances, long-term plans were likely to be sidelined in favour of everyday worries.

Daily living costs and household bills were discussed on a regular basis by more than half of couples, whereas only 22 percent talked about savings and investments.

One in six had never discussed their retirement income and pension-planning, and of these couples, 15 percent said they never intended talking about it.

Vince Smith-Hughes, of insurance firm Prudential, which carried out the study, said couples who refuse to discuss finances would lose out in the long run.

‘Money can be a tough topic to discuss at the best of times,’ he said. ‘Yet it really pays to be honest. Being open about discussing long-term financial planning as early as possible will help couples to ensure they can enjoy a comfortable retirement together.’ - Daily Mail

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines