Partners lie about their spending habits
11 November 2008
New research from Axa shows that the global economic downturn is making us Brits an untrustworthy nation, with one in three admitting to lying about our finances to a partner, friend or relative.
A new website set up by the financial firm lets people offload their money sins with examples including a woman who spent £70 on face cream but then poured it into another bottle so that her husband wouldn't know.
While many of the examples are humorous, some point to the real strain being felt by many people across the UK, with one man owing up to using money from his children's savings account to pretend he had got a bonus at work but the work reward had actually been cancelled that year.
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Psychologist Andrew Kinder warns that this is the "worst possible time" for people to be in denial over their money problems and suggested that being honest can be a "crucial step" in regaining control over finances.
Figures from the government's Insolvency Service suggest that more than 300 people file for bankruptcy every day across the UK, according to figures reported in the Independent.
