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Big little lies

One in five Canadians admitted in a Manulife survey this past May that they have kept their level of debt secret from a married or common-law partner, the CBC reports.

Meanwhile, one in nine people hide the price of a retail purchase from a family member.

The survey polled 2,003 Canadians on views of money and the impact on familial relationships. Twenty percent admitted that their partner had no idea how much debt they were in.

Conversations about money between partners is a common source of stress and financial planners emphasize the need for communication. The younger the couple, the more stressful discussions around money were, the survey found. ◊