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Women less honest spenders: Poll

<p>More women seem to be living like the stars of TV shows like Sex And The City, leaving their unsuspecting partners to pick up the tab. A recent survey reveals there is truth behind this traditional perception, as women are more likely to be dishonest about their spending habits than men (23 per cent vs. 18 per cent, respectively).</p>

23% are likely to be dishonest about shelling out cash





More women seem to be living like the stars of TV shows like Sex And The City, leaving their unsuspecting partners to pick up the tab.


A recent survey reveals there is truth behind this traditional perception, as women are more likely to be dishonest about their spending habits than men (23 per cent vs. 18 per cent, respectively).


The recent Ipsos Reid survey conducted for lawyers.com, an online legal resource centre from LexisNexis Canada that helps consumers and small businesses find lawyers and legal information, reveals that even though some women have poor spending habits and are willing to hide receipts, surprisingly more men share their bank books than women, as 79 per cent of men have joint accounts with their partners, compared to only 68 per cent of women.


"Secrecy regarding spending habits of partners in committed relationships is a chronic problem in many marriages," said Lorne Maclean of MacLean Family Law Group. "When the financial dishonesty becomes acute, a marriage breakdown can be imminent."


The survey also reveals that, regionally, Canada’s couples are divided when it comes to hiding their receipts. Atlantic Canadians ranked the highest with 33 per cent being dishonest with their partners about spending tendencies, which does not seem to affect their trust in their partners, as they ranked second highest in Canada out of five regions, at 76 per cent, for having joint accounts.


Quebecers were the most honest, with only 3 per cent having been deceitful with partners about their spending habits. But they ranked the lowest for having joint accounts with their partners (68 per cent).


In Ontario, 24 per cent polled say they have been dishonest with their partners about their spending habits, while 73 per cent have joint bank accounts (ranked second and fourth out of five regions, respectively).


According to the survey, household income also plays a role with the level of secretive partner spending, as couples with household incomes of less than $55,000 annually are the most open with their partners about their spending habits, but are also the least likely to share access to their finances, as only 66 per cent have joint accounts with their partners.


The poll was completed by a sample of 1,184 adult Canadians online from April 27 to May 1.


 
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