This is according to new findings from Scottish Widows. But the younger generation is challenging the inherent apprehension in us all, with those under 35 proving to be the most likely to break the trend and talk about this traditionally taboo subject.
Finance is the least discussed topic of conversation Brits have with their work colleagues (62%), and even with friends (43%). And money related worries make up three of the top conversation killers (finances, salary, pension).
When it comes to the gender divide, men are more open with their friends than women as they are more comfortable talking about their salary (29% vs. 26%). However, women are more likely to confide in their family about every other aspect of their lives compared to their male counterparts except where they live and their salary.
When asked why finances are such a secret subject three quarters (75%) of people said it's simply a topic that shouldn't be discussed with their friends and work colleagues. And just over one in 10 (13%) said their other half wouldn't like them to communicate their financial situation to their friends
Catherine Stewart, savings expert at Scottish Widows said: "We are a nation who simply do not want to discuss our money worries, and much of our personal lives are off limit even to our nearest and dearest.
"It is a very British trait to avoid discussing personal and taboo subjects such as money, particularly for older generations that have been brought up in this way. But it is encouraging that the younger generation is breaking with tradition and is more comfortable talking about their finances, however they should choose who they go to for advice carefully."
Catherine Stewart, continued: "When it comes to asking for advice, friends and family are often the go-to sounding boards, but while they might say what you want to hear, it's important that when it comes to your health, wealth and happiness you always seek advice from the right source."
