Rather than being an off-limits subject, talking about their own financial situation is now viewed as the ‘in' topic of conversation for one in four UK adults. People are also opening up about their finances because they feel better talking to people in the same boat (28%) and 27% want to get advice from people or establish if their credit situation is ‘out of the ordinary'.
The CreditExpert.co.uk research aimed to establish the impact the downturn is having on our willingness to discuss our finances. It reveals that UK adults are talking most about the cost of living (62%), cutting back on their spending (37%) and their savings and investments (29%).
Darryl Bowman, director of CreditExpert.co.uk, said: " As we open up about our finances, the easier it becomes to address issues."
Whilst the majority of people speak to their partners and close friends about money matters, one in five are now opening up to those less close to them like colleagues and acquaintances - highlighting the extent to which this financial taboo has been broken.
