Biodun Iginla, BBC News

Biodun Iginla, BBC News

Tuesday, January 23, 2018

Financial infidelity: One in five Americans hides account


by Judith Stein and Biodun Iginla, France24 Business reporters, Washington DC


    © AFP/File | Almost a third of Millennials (people aged 18-37) said they had a credit card or bank account hidden from their partners, while twenty-four percent of Gen Xers (aged 38-53) and 17 percent of baby boomers (54-72) said they did

    WASHINGTON  - 
    One in five Americans has hidden at least one bank account or credit card from their spouse or partner, a survey has found.
    Younger people tended to be more likely to keep an account from a partner, with almost a third of Millennials (people aged 18-37) admitting to having done so, according to the study, which was conducted by YouGov Plc.
    Twenty-four percent of Gen Xers (aged 38-53) had hidden assets, and 17 percent of baby boomers (54-72) admitted to having hidden an account, it added.
    Just eight percent of people 73 or older had hidden a card or account, it said.
    The study also found that almost a third (31 percent) of Americans said that keeping a card or account secret was worse than cheating romantically.
    Meanwhile, 11 percent of all couples say they never discuss their combined finances.

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