Money talk is ‘rude’, say one in three Brits

Despite trying to shake off our stiff upper lip image, the nation is still typically tight lipped when it comes to money. A study released by leading independent personal finance website Fool.co.uk reveals that when it comes to good manners, talking about money is still a big ‘no no’, with almost one third (30%) who think that talking about money is downright rude.

The ‘Let’s Talk About Money’ study, which quizzed over 1,500 UK adults about their financial modesty, aims to get the nation talking about the taboo topic and manage their money sensibly. The study revealed Brits’ are a prudent bunch when talking about pounds:

Money manners: two thirds (66%) think money is a personal subject that should be kept private

Wealth health: one in seven (13%) are concerned about what people might think of their levels of wealth, whilst 16% of people are embarrassed about their debt

Falling on deaf ears: half of Brits (49%) feel that no-one is interested in hearing about their money issues

Keeping schtum about salaries: one third (33%) of the nation are uncomfortable about revealing the size of their pay cheque

The gender divide: although hardly anybody is confident talking about cash, men are more forthcoming with one in ten (11%) happy to talk about the topic compared to just one in 25 women (4%)

Tight lipped Londoners: Londoners are the least likely to talk about money (46%) whilst the rest of the South East and Yorkshire and Humber are the most open

David Kuo, Head of Personal Finance at Fool.co.uk, says: “It’s a shame that when it comes to money, Brits are still stuck in the dark ages, too proud to talk about their financial situation which conforms to the typical British stereotype. Talking openly about money, especially with close friends and family has many benefits. Money matters can often spiral out of control if you don’t seek advice from others.

“At Fool.co.uk we’d encourage the nation to be honest about their finances. We’re not talking shouting your bank balance from the rooftops, but cash conversations mean you’ll be able to gain tips from others to help manage your money effectively, reduce debt and start saving!”