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Couples remain financially single

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by David Masters
Couples remain financially single

Nearly a third of couples remain financially single despite living together, new research has found.

A study by Tesco Bank found 29% of couples in the UK are unwilling to pool their earnings into a joint account.

The research also found that it takes an average of two years before couples are happy to share their finances.

Of those who do open a joint account, 56% said they still maintained some financial independence.

“Despite sharing so many elements of our life when in a relationship, most of us still try to retain a modicum of financial independence,” a spokesperson for Tesco Bank said.

A recent study by the Post Office found 21% of Brits don’t tell their partners the extent of their borrowing.

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News posted: May 5, 2010

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