Seventy percent of women think there is pressure from society to become subordinate by taking their husband's last name after getting married.
That’s not all — another element of marriage that makes women feel stifled is the joint bank account.
A study of 2,000 women who are married or cohabitating with a partner examined the financial practices and feelings that accompany sharing money with a significant other.
- Sixty-four percent of those who have a joint bank account with their partner or spouse revealed they felt pressured into the decision.
- Two-thirds of women whose partners are the primary breadwinners feel trapped, while 69 percent admitted they wouldn’t be able to maintain their current lifestyle without their significant other.
- Seven in 10 women wish they had more power in their financial future and were more involved in monetary decisions with their partner.
- Three in five respondents have a joint bank account with their significant other.
The survey, commissioned by Self and conducted by OnePoll, revealed;
- 64 percent of all respondents wished they had their own money set aside just in case.
- 71 percent percent of respondents think women should have a separate account from their partner, only 51 percent actually do.
In spite of the fact that half of the respondents have an account separate from their partners, 20 percent admitted their significant others are not aware they’re setting cash aside.
Reasons for separate accounts
- I like to have my own money: 50 percent
- Fear of divorce: 48 percent
- In case of a financial emergency: 45 percent
- In case of a medical emergency: 45 percent
- I have my own expenses: 39 percent
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