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Most Oz Women Do Not Trust Their Partners When It Comes to Shared Finances
The Women and Money Survey of 1000, conducted by the Westpac Women's Markets unit, found almost half (47 percent) "believe that their partner wastes money".ccording to experts, men often keep financial secrets from their partners, as women do from men, and that the global financial crisis unearthed secret debts that drove many couples to the brink.
NSW women were more trusting, with only 15 percent of those surveyed agreed with "do not totally trust partner with shared finances".
The exact same number argue with their partner over money and are in charge of managing joint accounts.
Experts said part of the problem might be couples keeping financial secrets from each other.
"When you have people hiding purchases or having separate bank accounts or essentially leading a double life or a secret life, you have major issues around trust," the Daily Telegraph quoted psychologist John Aiken as saying.
"The problem is a lot of people can't have those difficult conversations. There are also power issues that can come into it, where someone says 'I don't want to share what I've got, I want to keep it to myself'," he stated.
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