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Clandestine Savings Account Make Men Feel Superior

By Cara

Most of the male partners, be it husbands or boyfriends, most of them maintain a secret bank account. One in every five men has a savings account hidden from his partner.

The money is kept secret because they think their income is none of their partner's business. There are others, who keep it hidden for safety in case the relationship does not work out.

In a survey, it was found women appeared less likely to squirrel cash away - only one in ten admitted to a private account.

It comes as no surprise that more men have a savings account unknown to partners, and more men make major financial decisions without their partner's knowledge. Both on a biological and societal levels, men perceive such concepts as success, dominance, and saving. This enable men to view money as the tangible proof of their personal and professional success.

More amount of money kept aside without the knowledge of their partner, the higher a man deems his self-image and social standing to be. Further, he feels no shame or guilt in doing so.

According to the study, a man's clandestine savings account contained an average of just over 2,000 pounds. More than a fifth of male respondents said that they were concerned partners might not approve of their investments.

Only 7 per cent of men who held secret accounts said that the money had been set aside to buy a present for a partner.

One in six reported making significant financial decisions without consulting their partner.

15 per cent said that they had taken out a secret credit card, while one in ten admitted to an undisclosed unsecured loan.

Read more about: savings money
Story first published: Monday, April 12, 2010, 17:19 [IST]
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