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Men spending more in secret
5 November 2008
Men are keeping their purchases of luxury items a secret from their partners, according to new research.
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A study by fairinvestment.co.uk revealed that men spend 55 per cent more than women on the sly.
Men are forking out for DVDs, music and gadgets and keeping it secret from the women in their lives.
Meanwhile, women are spending secretly on clothes, shoes and handbags, despite the credit crunch.
A survey of more than 2,000 Britons found that 76 per cent admitted to spending up to £20 a month without telling their partners.
Around 24 per cent admitted to spending more than £20 a month – forking out around £31 on average in secret.
Rachael Stiles, a spokesperson for fairinvestment.co.uk, said: "The results have come as quite a shock, as men have come out on top for secret spending. However, what they have been spending on is quite stereotypical and shows that boys really do love their toys.
"As the UK heads towards a recession there is a chance that secret spending between partners may increase, as when money is tight we are less likely to own up to spending money on non-essentials like a new handbag or perfume."
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