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Trust issues prevent couples from sharing bank acc
6 October 2008
A significant number of couples do not have a joint bank account with their other half because they do not trust them, according to new research.
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Around 72 per cent of couples do not have a joint bank account and 39 per cent of them said they either "don't trust their partner to spend responsibly" or do not want their other half knowing what they spend their money on.
Of the more trusting couples who do have joint accounts, 90 per cent say it helps them manage their household bills and expenses, while 88 per cent believe that sharing is part of what being a couple is about.
More than half – 55 per cent – said having a joint account enables them to save money together.
Despite the reservations about sharing money, 90 per cent of couples say they would be happy to share information on their debts with their other half.
A further 46 per cent of those with a joint account said they had one because it meant they could make more money with a better rate of interest.
Phillip Hodson, a fellow of the British Association for Counselling and Psychotherapy, said: "I think some couples get married with their fingers crossed when it comes to that bit about ‘endowing thee with all my worldly goods' and they want to keep enough cash for themselves to escape if necessary."
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