Date
12 December 2017
Only about one-third of respondents in a survey said they have enough trust in their partner to discuss their credit situation. Photo: examiner.com
Only about one-third of respondents in a survey said they have enough trust in their partner to discuss their credit situation. Photo: examiner.com

Half of HK people in the dark over partner’s finances

More than half of Hong Kong people have little or no knowledge of their partner’s finances, a survey commissioned by a credit reporting agency shows.

Only 32 percent of 500 respondents said they have enough trust in their partners to discuss their credit situation, according to the survey conducted by Zogby Analytics for TransUnion, a Hong Kong credit reference agency.   

This is despite the fact that three in four Hongkongers have a financial plan with an intimate partner.

And 19 percent of the respondents said personal finances should only be discussed between married couples while 22 percent said they want to remain financially independent after marriage.

“The survey shows that Hongkongers might be insecure about sharing the details of their financial circumstances, especially their debt situations, with their significant other,” said Angus Choi, managing director of TransUnion.

She said couples should openly discuss their finances and debts to avoid any financial risks to their marriage.

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