21 March 2006
Over three million females admit to not telling the truth about their credit card balance, research has found.
According to statistics produced by online bank First Direct, 19% of women do not tell their partners the whole truth about the amount they have spent using their credit cards.
The study also found that the younger generation were much more liable to lie than older ladies, with females aged between 26 and 30 almost three times more likely to lie about their credit card balance than those aged between 50 to 55.
Many ladies were found to prefer to keep their finances separate to their partners altogether, with 26% saying they thought it was important to keep money matters separate within a relationship.
Richard Kimber, first direct's chief executive said: "Over the last five years, we've seen a large rise in the number of solo account applications when compared to joint as more and more couples elect to keep their finances separate.
"These findings are hardly surprising, as today's couples are marrying later after years of managing their own money. It also reflects the fact that over two-thirds of today's women have their own income through working, compared with just 43% back in 1971."
Three million women were also found to have a secret stash of money, the bank said.
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