Brit men twice as likely to have secret bank account: Study

London, Sept 7 (ANI): In Britain, men are twice as likely as women to have a secret bank account, according to a new survey.

22 per cent of men admit hiding money from their partner, putting aside an average of 2,128 pounds each, compared with 11 per cent of women hiding an average of 1,927 pounds.

About 15 per cent of people have savings they have not told their partner about, according to the survey carried out by the Post Office.

For a quarter of people, the reason behind stashing money is in case their relationship with their partner breaks down; while 18 per cent said their personal finances were not their partner's concern.

A further 20 per cent said the cash made them feel more independent, and 10 per cent admitted they had to keep their savings secret, or their partner would spend them.

"While people have secret savings accounts for many different reasons, it's wise to be open and honest about money with loved ones to avoid strained relationships," The Telegraph quoted Doug Strachan, director of financial services at the Post Office, as saying.

"By discussing significant financial decisions with close family and friends, people are more likely to make well-informed choices and prevent potential money issues spiralling out of control," he added. (ANI)