Saga finds age gap in money chat

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Saga finds age gap in money chat

Men and the under-50s like to discuss money, whereas older people prefer to only talk cash when they have to, according to new research from Saga Personal Finance.

Despite these differences, the company found that most people of all age groups are reluctant to divulge their salary and discuss their earnings.

Its survey revealed that 21 per cent of under-50s are happy to talk about their finances in public, compared to only 14 per cent of over-50s.

In addition, men were found to be 60 per cent more likely to discuss personal money matters than women.

Half of the people who did not wish to discuss finances simply felt it was inappropriate to do so, while a further nine per cent were embarrassed about their financial situation.

Earlier today Saga announced a new savings account guarantee for its online customers, which promises that the rate on their savings will not be more than 0.25 per cent AER below the average of the top five variable internet accounts.
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