People admit to 'secret spending' without telling partners
Summary
More than half of people in relationships in the UK buy items without telling their partners, according to a survey. Men spend more secretly than women, with popular secret purchases being clothing, beauty products, alcohol, and gambling. Younger people tend to spend more in secret compared to older people.Key Facts
- Over 50% of adults in relationships in the UK engage in secret spending.
- Men spend an average of £2,545 in secret each year, while women spend £1,769.
- Clothing is the most common secret purchase, followed by beauty products for women, and cigarettes and alcohol for men.
- Gen Z individuals spend an average of £4,303 secretly each year, more than older generations.
- Those over 55 tend to spend less, with an average of £384 in secret annually.
- Experts warn that secret spending can lead to financial issues in relationships, impacting budgeting and long-term financial planning.
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