US EditionFour in 10 Brits Keep Their Money Affairs Private - Are You One of Them?
- KPMG UK commissioned a survey of 2,000 adults in Britain, finding that around 25% prefer to manage their finances privately and rarely discuss money matters with others.
- The research follows observed financial behaviors where only one in 20 are openly discussing money, despite half believing open talks about money are positive.
- The study also identified financial personalities like 'cautious calculators' and 'casual conversationalists' , while many struggle with unexpected costs, high bills, and insufficient income.
- Bina Mehta highlighted that being comfortable with numbers plays an important role in everyday life, particularly in managing finances such as credit cards, mortgages, or loans, with 30% of those surveyed indicating they are carrying some form of debt.
- The findings imply better numeracy skills could improve financial decision-making and confidence, with National Numeracy Day aiming to motivate people to enhance these skills.
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A quarter of Brits are 'silent savers' who keep their financial affairs private
A quarter of Brits are 'silent savers' who keep their financial affairs private - with just one in 20 an 'open book' when it comes to money matters. A poll of 2,000 adults also revealed 18 per cent identify as a ‘cautious calculator’; a careful planner and meticulous mathematician when it comes to their finances. And 12 per cent were a ‘casual conversationalist’, discussing money in a relaxed manner and sharing personal experiences. According to…
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