Women opting to keep finances from partners

Charlotte Ransom

A survey of nearly 4,000 British women found those aged 16-34 were more likely (31 per cent) to opt against sharing financial assets with their significant other.

Only 26 per cent of those aged 55 plus chose not to share, according to the study by Netwealth.

It said a “backdrop of later-in-life marriages, higher divorce rates and increased financial earnings” prompted the shift.

Netwealth CEO Charlotte Ransom said: “The traditional approach to managing finances jointly is being overturned by a new generation of financially more autonomous females.

“With women increasingly entering marriage later in life, after years of earning their own income and controlling their own finances, it’s unsurprising that many are turning their back on a ‘what’s mine is yours’ approach.”

Nearly half of women holding their wealth separately (45 per cent) said it was to maintain financial independence.

Two fifths (40 per cent) prefer to manage their money as they wish, while 15 per cent do not believe their partner is entitled to their assets, the study added.

Some 3,876 women aged 16 and over were questioned across two surveys in May and June.