But Are You Telling Me Everything, Honey?
Several surveys have found that just about a third of couples aren’t entirely forthright about their finances with their significant others. In one, 31% of those who combined finances admitted to lying to their spouses about money. Another third of those surveyed said they’d been deceived by their spouses. Source: Online poll commissioned by ForbesWoman and the National Endowment for Financial Education (NEFE) and conducted by Harris Interactive
Another survey that found that nearly three in ten (29 percent) of those surveyed admit that they have withheld information from their spouse or partner regarding their spending on discretionary items, such as apparel, accessories, electronics and entertainment. That despite the fact that four in ten (40 percent) Americans surveyed agree that honesty about finances is more important than honesty about fidelity (up from 24 percent in 2005). Source: 2011 Lawyers.com Couples and Money survey
In the American Express survey, more than a quarter (27%) of respondents said they have misrepresented the amount of a purchase and 30 percent report they have hidden purchases from their partner.
And apparently the tendency for total openness (or secretiveness) starts before the marriage. In the True.com survey, 67 percent of women and 66 percent of men claim they have never kept financial secrets from someone they are dating. Presumably the others (there’s that roughly 1/3rd figure coming up again) were less forthcoming about their finances.