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How Honest Are You About Finances?

Couples own up to their money problems and issues

As the saying goes, money is the root of all evil. And that can include being a sore subject in relationships - especially between spouses or partners. So are you truthful with your significant other about how you handle your finances? And are younger couples and older couples equally open about their finances?

The AARP Bulletin teamed up with the independent research firm ORC International for a national poll of people with spouses or partners on financial honesty. Here are the results.

Which of the following types of bank accounts do you and your spouse/partner have?
  Age: 18-49 50+
Joint account(s) only 46% 54%
Separate account(s) only 25 12
Joint and separate accounts 29 34
Do you have a bank account that your spouse/partner does not know about?
  Ages: 18-49 50+
Yes 7% 4%
No 93 96
You say that you don't have a bank account that your spouse/partner doesn't know about. Do you personally know anyone who does keep a secret account?
  Ages: 18-49 50+
Yes 20% 11%
No 80 89
Within the past 12 months, have you hidden any purchases from your spouse/partner?
  Ages: 18-49 50+
Yes 23% 12%
No 77 88
Have you ever hidden any purchases from your spouse/partner?
  Ages: 18-49 50+
Yes 24% 24%
No 76 76
In the past 12 months, have you withheld information from your spouse/partner about any of these?
  Ages: 18-49 50+
Amount of your debt 10%
3%
Amount of money you make 5 1
Amount you spend from joint accounts on personal purchases 7 2
Amount of your credit card purchases 10 3
Lending money to a friend/family member 9 6
None of these 73 88

Study of 1,263 adults age 18 and over conducted by ORC International, Aug. 20-22 and 23-26, 2012.

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