Britons could be concealing as much as £50.1 billion in debt from their partners, it has been claimed.
A quarter of adults polled by insurance firm Axa for its My Budget Day campaign admitted to maintaining a veil of secrecy at home over debt management issues caused by
The average hidden amount of debt is £4,096.32, with the age groups worst affected being 36-40 at £5,883.80 and 46-50, who typically owed £5,880.47.
However, it was those in the 19-30 bracket who were most likely to lie about their debts.
People suffering from hidden debts may wish to change their
Britons do need to improve their budgeting skills, managing director of Debt Advice Foundation David Rodgers, said earlier this month.
He noted that a lack of knowledge of how to manage money is leaving 300 people a day resorting to some form of insolvency.