Credit crunch gets Brits talking money

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Credit crunch gets Brits talking money

Fri 9th Jan 2009

One effect of the credit crunch is that many people in the UK have become more open to talking about their finances with friends and family, according to a survey released today.

The poll, conducted by CreditExpert.co.uk, shows that more than half of UK adults are more likely to discuss their financial situation with others than they were a year ago.

CreditExpert.co.uk found that 62 per cent of adults per cent of adults now discuss the cost of living, 29 per cent talk about their investments and 37 per cent have conversations about their savings and investments.

The website said: "The economic downturn may have broken the taboo of talking about money. 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."

Recent research by price comparison site Gocompare.com revealed that sorting out personal finances is the most popular New Year's resolution in the UK this year.

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