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Women are becoming ‘secret savers’

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29/08/2006

Nearly 10% of women are saving money without informing their partners, a survey undertaken by investment firm Scottish Widows has found.

This activity is partly due to females wanting to achieve financial independence before embarking on a long-term relationship and it is estimated that half-a-million women are building up their savings like this.

The survey found that women in the Midlands were most likely to be secret savers, while those in East Anglia and Humberside were least likely to make savings decisions for themselves.
“Our survey findings show that there is a trend for women to build their own savings separate from their partners,” said Scottish Widows spokesperson Anne Young.

“In today’s changing society, jobs, marriages and money come with no guarantees, so planning ahead is essential.”

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