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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.

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