Money worries increasing arguments, study shows - Loans - News - Moneyfacts

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Money worries increasing arguments, study shows

Money worries increasing arguments, study shows

Category: Loans

Updated: 11/02/2009
First Published: 11/02/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nearly a third of couples in the UK have been arguing more over money matters since the onset of the recession, it has been found.

According to a survey by online payment provider PayPal, the pressure being placed on consumers has created an increase in disputes.

However, 19 per cent were also shown to be more willing to discuss finances, a fact that could have come as a result of the need to address debt accrued through credit cards and unsecured loans.

Managing director of PayPal UK Carl Scheible welcomed the finding, stating: "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."

The firm recently revealed that consumers are increasingly choosing to turn to loved ones for financial help rather than take out unsecured loans, with £4.7 billion being owed to friends and family.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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