More than a quarter of people believe joints accounts are a bad idea which could lead to arguments and even divorce.
Opinium Research polled 2,005 adults living together or married on behalf of financial website Moneymagpie.com – and 34 per cent said they preferred to keep their finances separate.
The great majority of these respondents – 81 per cent – said they valued financial independence.
The longer the couples had been together the more likely they were to have joint bank accounts the poll found. Eighty per cent of those who had been together for more than 30 years had a joint account compared to only 52 per cent of those who had been together for less than six years – and just 40 per cent of those who had been with their partner or spouse for less than three years.
A quarter of those with joint accounts said spending the money in them for their own benefit made them feel guilty. A third, meanwhile, said joints accounts could discourage lavish spending.
Jasmine Birtles of Moneymagpie.com said:
“The results of this research appear to suggest that more people than ever before are choosing to keep their finances separate after getting married or moving in together.”
“There has clearly been a trend among younger couples, or couples in young relationships, to move away from joint bank accounts. In the view of some respondents, doing so will prevent the inevitable rows – which in some extreme cases may be divorce-inducing – that excessive spending will cause.”