Money manners
29 July 2005
Source: HBOS press release
Halifax Unsecured Personal Loans has commissioned new research* looking at what our attitude to personal finance is and what constitutes the nation's 'money manners'. The research revealed that romance is alive and well, with men still expecting to pay for a first date. However, there after equality reigns supreme with would-be diners expecting to split the bill equally.
The results also show there's a definite generation and gender divide when it comes to both our attitude to personal finances and what we're willing to discuss when it comes to money matters.
KEY FINDINGS:
Chivalry is alive and well at least for the first date
Nearly 40% of people think men should pay for the first date, a further 40% think it should be shared and only 1% said women should pay
When asked who should pay for the bill on a first date the top answer was the bill should be split (40%) closely followed by the man (39%). The person who asked someone out came in third with 16% of those surveyed choosing this answer. Only 1% said it should be the women.
The results also proved chivalry and equality were alive and well. Men were far more likely to say they should pay for the bill half of those asked (49%) said they though they should. Women were equally inclined to suggest the bill be shared with half (49%) choosing this option.
On subsequent dates it's straight down the middle
Eight out of ten people expect to split the bill equally at the end of a meal one in ten would expect to pay their exact share
18-24 year-olds were the most likely to work out their exact share of the bill with one in five (21%) selecting this as their preferred option this is twice as many as any other age bracket.
Hiding receipts from your other half is more commonplace than you might think
One in four people (23%) admit to hiding a receipt from a partner or spouse
Women were more secretive than men when it came to hiding receipts, with 50% more women admitting to having hidden a receipt after buying something for themselves. Just over 20% of men admitted to having done so, compared to 30% of women.
Some of us like to know how much people spend on us
Almost one in ten people admitted they would ask someone how much they'd spent on a present for them
A further 15% admitted that they would tell someone how much they'd spent on a present for them. Men were twice as likely to do this with one in five saying they would this compared to one in ten for women.
In formal environments discussing finances remains a social taboo
Over half of all respondents surveyed said they thought it was a social taboo to talk about personal finances at a formal dinner party
Again, age was an important factor when it came to talking about personal finances. Nearly two-thirds (64%) of 45-54 year-olds said it was a social taboo to discuss personal finances at a dinner party, whereas only four in ten (42%) of 18-24 year-olds thought it was.
However, if a friend needed a loan we'd help them out
Almost a third of us said they would ask a friend to lend them money if they needed a small short-term loan** - three quarters of us said we would lend the money to a friend if they asked
Twenty nine percent of people surveyed said they would ask a friend if they needed a small short-term loan. Here again, the younger generation are more likely to ask with well over half (52%) of 18-24 year olds saying they would. This compares to only 15% of those aged 65+.
Our attitude to borrowing from friends also changed when looking at gender. Over a third (34%) of men said they would ask a friend, compared to only one in four (25%) of women.
When asked about giving a friend a short-term loan for a small amount three quarters of us (76%) said we would. Again the younger generation proved much more willing to do this with 87% of 25-34 year-olds saying they would.
And men seem more generous than women
When asked about<
|
|
