A recent survey of 2,000 adults looked at how people feel about money and found that as much as 56% of Americans are embarrassed to talk about their finances.
To be more precise, 51% claimed that the most controversial topics were related to their parent’s financial situation, followed by debts (45%), and wills (43%).
Furthermore, 63% of Americans claim that they would never talk about their financial situation with their family. And while money isn’t everything to some people, others would do anything else rather than think about their financial situation.
For example, 30% say they would sooner be watching a horror movie, 27% would rather speak in public (in front of a large audience), and 28% would choose to be stuck in a traffic jam over thinking about money.
In addition, 83% of respondents feel guilty after they “treat” themselves with a shopping spree or after going on a vacation if they have an unstable financial situation.
Surprisingly, 24% of responders are not embarrassed to talk about their financial issues with strangers. Conversely, merely half are ready to talk about their finances with their spouses.
What’s more, 58% of Americans feel no shame in talking about their financial situation with their coworkers, whereas 45% believe it’s alright to discuss their finances after they move in with their partners, get engaged, or get married.
However, about 35% of Americans say that they would feel more comfortable discussing their financial issues if they had more money in their wallets.
Interestingly, 66% of responders claim they mostly learned finances by making mistakes.
