Did you know 29% of partners still maintain financial independence?
A report by Tesco bank has revealed that 29% of couples in the UK are unwilling to pool their financial resources into joint accounts and similar setups. The report also reveals that it takes two years for the average couple to be happy to pool their finances although around 56% would still look to maintain some kind of financial independence from their partner.
Another interesting fact from the Tesco bank survey is the indication that 47% of partners are happy to pool their savings together although only 34% are happy to pool their credit card accounts together. This is a massive change in the situation seen 10 years ago, 20 years ago or even 30 years ago where couples regularly combined their finances and resources under one arrangement.
In many ways this is a sign of the times as marriage is nowhere near as popular as it has been and couples, whatever the type of relationship they are in, are seeking more and more to maintain some form of independence. Whether this is having an impact upon separation rates is open to debate but the fact that many couples are unwilling or unable to commit 100% of their financial resources is a concern for some people.
Share this..
Related stories
Sir Fred Goodwin's former deputy returns to RBS
Gordon Pell, the former deputy to Sir Fred Goodwin at Royal Bank of Scotland, has today returned to the group after being appointed deputy chairman of the Coutts banking subsidiary. This comes despite the fact that he left Royal Bank of Scotland with a £580,000 pension after the clearout at the top of the management chain at RBS. It is believed that Gordon Pell will receive a salary in the reg...
Read MoreBanks 'not the bad guys'
Despite the fact that many people seem unhappy with their bank, complaining of extra fees and high charges on borrowing, the banks are really the good guys, the British Bankers Association (BBA) insists.Not only does the financial sector put enough money into the economy to build the equivalent of 36 new hospitals each year through corporation tax, but the top five corporate contributors to charit...
Read MoreUK banks forced to detail overdraft charges in the future
The Office of Fair Trading (OFT) has today confirmed an arrangement with 95% of UK banks and building societies which will see overdraft charges detailed more clearly in future bank statements. This would appear to be step one in the fight to make current account more transparent and make customers aware of various scenarios which may well see them receive significant overdraft charges.
Abbey National encounters technical problems
It has been revealed that many Abbey National customers have been affected by technical problems at the UK bank which have seen inwards and outgoing payments remaining unprocessed over the last 24 hours. While the bank has confirmed that no customer will lose out with regards to charges because of the technical problems, the bank was unable to give a timescale for processing all payments even know...
Read MoreWest Bromwich building society hits back at rumours
In a worrying development in the UK financial sector the West Bromwich building society was today forced to deny reports the company is in financial trouble. While the society confirmed it was in talks with the Financial Services Authority (FSA) regarding ongoing stress tests there was a strong denial of any particular problems with the company's balance sheet.
There have been repor...