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  Life   Relationship  02 Sep 2017  Study shows happiness in marriage linked to separate bank accounts

Study shows happiness in marriage linked to separate bank accounts

THE ASIAN AGE
Published : Sep 2, 2017, 1:04 pm IST
Updated : Sep 2, 2017, 1:04 pm IST

Study shows that 34% of married couples keep their finances apart.

Real secret of a long and happy marriage is not in romantic dates or loving spouses, but rather lies in separate bank accounts.
 Real secret of a long and happy marriage is not in romantic dates or loving spouses, but rather lies in separate bank accounts.

According to a new study, the real secret of a long and happy marriage is not in romantic dates or loving spouses, but rather lies in separate bank accounts.

Even though a majority of couple accept that a joint bank account has the potential of building trust and openness, one in four claimed that amalgamating income - and especially savings - was likely to cause irreversible rifts that could end in break-up or divorce.

The study was commissioned by the website MoneyMagpie.com as part of awider study by Opinium Research into Britain's spending habits.

According to founder and consumer affairs expert Jasmine Birtles, the findings reflect positively on newlyweds who are taking proactive steps to reduce the risk of unnecessary conflict before it arises.

She went on to add that the results of the research appear to suggest that more people than ever before are choosing to keep their finances separate after getting hitched or moving in together.

She says that while joint bank accounts could be a simple way of managing household spending for newlyweds, survey suggests that couples were increasingly reluctant to lose their financial independence.

The study found that 34 percent of married couples preferred keeping their finances separate.

Tags: marriage, separate bank account, happiness, joint account, hitched, income, viral story, sex and relationship