AUSTIN, Texas—Apparently, many husbands and wives are not putting all of their cards on the table when it comes to the plastic they carry.
According to a new survey from CreditCards.com, 12 million Americans have concealed a bank or credit card account from their live-in spouse, partner or significant other, The Street reported in its analysis.
The practice the study shows, is not limited to younger demographics—Baby Boomers (11%), those aged 63 to 71, are nearly four times as likely as Millennials to have had a secret account (3%).
“There's a cost to retaining that little shred of independence. More than one in four (28%) people surveyed have admitted to spending $500 or more without consulting their partner. Again, Baby Boomers (39%) are nearly twice as likely to spend this amount compared to Millennials (20%),” The Street stated.