You are here: Home - Saving & Banking - News -

Credit crunch stirs arguments among British couples

Written by:

The economic crisis is having an effect on British relationships with almost a third of couples admitting to arguing more this year, mainly about money and household chores, according to PayPal.

But it has also prompted one in five couples to talk more openly about their finances. This willingness to talk openly about money will almost certainly help the one in 10 couples who have seen the main breadwinner in their relationship change in the last twelve months.

Almost two-thirds of these couples have seen the main breadwinner change because one of them has either lost their job or had a pay cut, while over 39% have switched places following a new job, promotion or pay rise.

Carl Scheible, managing director of PayPal UK, said: “As the recession becomes reality, British couples are facing new challenges within their relationships. It’s good to see that difficult times are prompting us to talk about money, as it’s far easier to cope with financial worries when we’re open with each other about them.”

Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Consumers urged to start saving

Nationwide Building Society has called on consumers to start saving after its latest savings research reveals 54% of people think...