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Piling debts 'hidden from partners’

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People in relationships are keeping as much as £41bn hidden from their partners across the country.

 

Britons are sitting on a secret mountain of debt that they are keeping hidden from their partners, and women are more likely than men to owe more and keep their finances under wraps, a study has suggested. More than one in 10 women (11pc) said they hide their debts from their other half, compared with around one in seven men (15pc), the Co-operative Bank’s Modern Families and Households report found. It estimated that people in relationships could be keeping as much as £41bn hidden from their partners if its findings were projected across Britain.

 

Nearly two thirds (62pc) of people surveyed said they have debt in the form of credit cards, overdrafts and mortgages. Men typically said they are £14,228 in the red, but women’s debt levels were found to be markedly higher, at £22,418 on average.

 

More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/9502775/Piling-debts-hidden-from-partners.html


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