60% of men keep financial secrets from their partners: why can’t they become clear?

Half of men have kept financial secrets from a spouse or partner, according to new research.

In a study of 2,000 men, 49% of those who are married or in a dedicated relationship (60% of responses) shared that they have kept money -related secrets.

The most common secret proved to be a hidden savings account (14%). Other men have kept their spending habits (13%) and a credit card or a loan line (12%) for themes.

Among the men who kept secret from their important other, many said they did so because they were embarrassed (27%) or ashamed (26%), while one in five (19%) said they would simply “know how to bring it.

Some of this secretion seems to be the result of pressure to be financially successful – something 48% of the men surveyed admitted to feeling. Of these men, 56% said the pressure comes from them, but 27% said they thought a society’s pressure on men were financially stuck.

Performed by Talker Research and ordered by beyond finances for the mental health month, the survey examined the link between money and mental health, and the results reveal a strong link.

The response was asked to evaluate their mental and financial health on one to five scale, which revealed a strong link between low financial health and low mental health.

Men who valued their financial health in a (poor) also had the lowest mental health (on average 2.8). In contrast, those with the highest financial health – a 5 (excellent) – also had the highest mental health (on average 4.6).

Despite this, one fifth of the respondents said they would not be sure of believing in anyone about their financial situation.

The number of those who are willing to share their financial situation still show a general reluctance of men to open: less than half said they will talk to their partner (41%), a quarter for a financial professional (23%), a fifth for their friends (19%) and 11%approximate with their father).

“Up.

Forty percent of men said their financial situation has made them feel detached from friends, and this was especially true for those who valued themselves with poor financial health. Among this group, 69% feel agile, compared to 27% who estimated their financial health as â € all. Â € in general, 37% of men with thirsty friendships that make them feel financially unsafe.

“This research shows a broader cultural issue: Men are emotionally overloaded by money, but they are afraid to seek help. Shame, secrecy and silence are doing real harm, not only to personal finances, but about relationships, careers and mental health,” said Nathan Astle, a certified financial therapist beyond finances.

“That’s not about being perfect,” Assle added. â € œthe for granting men’s permission to be honest where they will be in â € œa