60% of men keep financial secrets from their partners: Why cant they come clean?

Half of men have kept financial secrets from a spouse or a partner, according to new research.In a survey of 2,000 men, 49% of those who are married or in a committed relationship (60% of respondents) shared that they have kept money-related secrets.The most common secret proved to be a hidden savings account (14%).Other men have kept their spending habits (13%) and a credit card or a line of credit (12%) to themselves.Among the men who kept secrets from their significant other, many said they did so because they were embarrassed (27%) or ashamed (26%), while one in five (19%) said they simply “didn’t know how to bring it up.”Some of this secrecy appears to be a result from pressure to be financially successful — something 48% of men surveyed admitted to feeling.

Of these men, 56% said the pressure comes from themselves, but 27% said they felt a societal pressure for men to be financially successful.Conducted by Talker Research and commissioned by Beyond Finance for Men’s Mental Health Month, the survey examined the connection between money and mental health, and the results reveal a strong correlation.Respondents were asked to rate both their mental and financial health on a one-to-five scale, which revealed a strong connection between low financial health and low mental health.Morning Report and Evening Update: Your source for today's top stories Please provide a valid email address.

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Men who rated their financial health at a 1 (poor) also had the lowest mental health (2.8 on average).Conversely, those with the highest financial health — a 5 (excellent) — also had the highest mental health (4.6 on average).Despite this, a fifth of respondents said they would not be confident confiding in anyone about their financial situation.The numbers of those willing to share their financial situation still show a general...