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South Wales Argus
02-06-2025
- Business
- South Wales Argus
Brits are 'silent savers' who keep financial affairs private
The tool will ask you a series of questions based on your approach to conversations around cash in the bank and reveal one of four outcomes. It follows research which revealed a quarter of Brits are 'silent savers' who keep their financial affairs private - with just one in 20 an 'open book' when it comes to money matters. A poll of 2,000 adults also revealed 18 per cent identify as a 'cautious calculator'; a careful planner and meticulous mathematician when it comes to their finances. And 12 per cent were a 'casual conversationalist', discussing money in a relaxed manner and sharing personal experiences. According to psychologist and broadcaster Dr Linda Papadopoulos, the research showed that typically Brits tend to look to avoid conversation around money, despite 50 per cent believing it's a positive thing to talk openly about it. Speaking in collaboration with KPMG UK ahead of National Numeracy Day on Wednesday, 21st May, Dr Linda said: 'The research has shown a real mix of confidence when it comes to finance and dealing with money. 'And confidence is key – this isn't just about maths; numeracy is all around us in every way. We're always dealing with numbers in some form in our lives. 'The good news is, many do rate their understanding, but as soon as things get a little complex, confidence levels drop. 'Talking about numeracy and financial topics more frequently would absolutely help people to build confidence, hearing whether other people thrive or struggle – and enable one another by listening and lending a helping hand.' When provided with 10 personality approaches to money, only three per cent considered themselves an 'oversharing optimist' and four per cent a 'competitive comparer'. Respondents are most comfortable speaking to partners (46 per cent), family (20 per cent) and friends (10 per cent) about money but only one per cent would openly discuss it with a work colleague. And when it does come to chatting about finances with friends and family, 24 per cent do so only a few times a year. Three in 10 wish they were more comfortable talking about money with others according to the OnePoll data. More broadly, 88 per cent said they were confident in their ability to work with numbers, but 37 per cent did admit to struggling to understand financial documents such as utility bills and bank statements when it comes to numerical complexity. While 49 per cent said they openly talk about financial topics such as the value of money (61 per cent) and encouraging responsible spending habits (52 per cent) with their children to increase their exposure from an early age. And despite a generally strong understanding of numbers, 35 per cent do find themselves short of cash at the end of each month, with 23 per cent lacking funds halfway through. Typical reasons included unexpected costs (38 per cent), high bills (33 per cent) and not enough income to see them through (29 per cent). However, a lack of savings, bad budgeting and money mismanagement equated to 28 per cent of reasons why. With 30 per cent of those polled saddled with a form of debt, such as a credit card, mortgage or loan. Bina Mehta, chair at KPMG UK, which commissioned the research, said: 'Number confidence can have a significant impact on our lives, especially when it comes to understanding 'everyday' numbers like mortgage or credit card interest rates. 'Good numeracy skills can improve confidence with financial decision making, enhance job prospects, and even guard against vulnerability to fraud and debt, all of which contributes to a healthier and more inclusive economy.' Sam Sims, chief executive at National Numeracy, added: 'This research highlights just how deeply personal our relationship with money is - and how confidence with numbers shapes our financial decisions. 'While it's encouraging that so many people feel confident with numbers, the reality is that millions are still struggling with budgeting and understanding bills and financial documents. 'We know that boosting numeracy isn't just about being better at maths - it's about building the confidence to face everyday financial challenges and make informed decisions. 'That's why National Numeracy Day exists: to inspire people to feel good about numbers and take that first step towards improving their skills - because better numeracy can lead to better opportunities, and brighter futures for everyone.' TOP FIVE MONEY PERSONALITIES BRITS RELATE TO MOST 1. Silent Saver - Prefers to keep financial matters private, rarely discussing savings or investments with others. 2. Cautious Calculator – A careful planner and always analyses financial decisions, often creating detailed budgets and tracking expenses meticulously. 3. Casual Conversationalist – Discusses money in a relaxed manner, often sharing personal experiences and anecdotes without much concern for details. 4. Reluctant Realist - Talks about money with a pragmatic approach, acknowledging financial challenges and limitations. 5. Generous Mentor – Loves to share financial advice and tips, often helping others with budgeting and investing.
Scotsman
21-05-2025
- Business
- Scotsman
Four in 10 Brits keep their money affairs private - are you one of them?
Are you a 'financial freewheeler' or an 'anxious avoider'? Take this quiz to find out your financial personality. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The tool will ask you a series of questions based on your approach to conversations around cash in the bank and reveal one of four outcomes. It follows research which revealed a quarter of Brits are 'silent savers' who keep their financial affairs private - with just one in 20 an 'open book' when it comes to money matters. Advertisement Hide Ad Advertisement Hide Ad Discover your financial personality A poll of 2,000 adults also revealed that 18 per cent identify as' cautious calculators'—careful planners and meticulous mathematicians when it comes to their finances. And 12 per cent were a 'casual conversationalist', discussing money in a relaxed manner and sharing personal experiences. According to psychologist and broadcaster Dr Linda Papadopoulos, the research showed that typically Brits tend to look to avoid conversation around money, despite 50 per cent believing it's a positive thing to talk openly about it. Speaking in collaboration with KPMG UK ahead of National Numeracy Day on Wednesday, 21st May, Dr Linda said: 'The research has shown a real mix of confidence when it comes to finance and dealing with money. Advertisement Hide Ad Advertisement Hide Ad 'And confidence is key – this isn't just about maths; numeracy is all around us in every way. We're always dealing with numbers in some form in our lives. 'The good news is, many do rate their understanding, but as soon as things get a little complex, confidence levels drop. 'Talking about numeracy and financial topics more frequently would absolutely help people to build confidence, hearing whether other people thrive or struggle – and enable one another by listening and lending a helping hand.' When provided with 10 personality approaches to money, only three per cent considered themselves an 'oversharing optimist' and four per cent a 'competitive comparer'. Advertisement Hide Ad Advertisement Hide Ad Respondents are most comfortable speaking to partners (46 per cent), family (20 per cent) and friends (10 per cent) about money but only one per cent would openly discuss it with a work colleague. And when it does come to chatting about finances with friends and family, 24 per cent do so only a few times a year. Three in 10 wish they were more comfortable talking about money with others according to the OnePoll data. More broadly, 88 per cent said they were confident in their ability to work with numbers, but 37 per cent did admit to struggling to understand financial documents such as utility bills and bank statements when it comes to numerical complexity. Advertisement Hide Ad Advertisement Hide Ad While 49 per cent said they openly talk about financial topics such as the value of money (61 per cent) and encouraging responsible spending habits (52 per cent) with their children to increase their exposure from an early age. And despite a generally strong understanding of numbers, 35 per cent do find themselves short of cash at the end of each month, with 23 per cent lacking funds halfway through. Typical reasons included unexpected costs (38 per cent), high bills (33 per cent) and not enough income to see them through (29 per cent). However, a lack of savings, bad budgeting and money mismanagement equated to 28 per cent of reasons why. Advertisement Hide Ad Advertisement Hide Ad With 30 per cent of those polled saddled with a form of debt, such as a credit card, mortgage or loan. Bina Mehta, chair at KPMG UK, which commissioned the research, said: 'Number confidence can have a significant impact on our lives, especially when it comes to understanding 'everyday' numbers like mortgage or credit card interest rates. 'Good numeracy skills can improve confidence with financial decision making, enhance job prospects, and even guard against vulnerability to fraud and debt, all of which contributes to a healthier and more inclusive economy.' Sam Sims, chief executive at National Numeracy, added: 'This research highlights just how deeply personal our relationship with money is - and how confidence with numbers shapes our financial decisions. Advertisement Hide Ad Advertisement Hide Ad 'While it's encouraging that so many people feel confident with numbers, the reality is that millions are still struggling with budgeting and understanding bills and financial documents. 'We know that boosting numeracy isn't just about being better at maths - it's about building the confidence to face everyday financial challenges and make informed decisions. 'That's why National Numeracy Day exists: to inspire people to feel good about numbers and take that first step towards improving their skills - because better numeracy can lead to better opportunities, and brighter futures for everyone.' Three in 10 wish they were more comfortable talking about money | Shutterstock Top five money personalities Brits relate to most
Scotsman
21-05-2025
- Business
- Scotsman
Four in 10 Brits keep their money affairs private - are you one of them?
Are you a 'financial freewheeler' or an 'anxious avoider'? Take this quiz to find out your financial personality. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The tool will ask you a series of questions based on your approach to conversations around cash in the bank and reveal one of four outcomes. It follows research which revealed a quarter of Brits are 'silent savers' who keep their financial affairs private - with just one in 20 an 'open book' when it comes to money matters. Advertisement Hide Ad Advertisement Hide Ad Discover your financial personality A poll of 2,000 adults also revealed that 18 per cent identify as' cautious calculators'—careful planners and meticulous mathematicians when it comes to their finances. And 12 per cent were a 'casual conversationalist', discussing money in a relaxed manner and sharing personal experiences. According to psychologist and broadcaster Dr Linda Papadopoulos, the research showed that typically Brits tend to look to avoid conversation around money, despite 50 per cent believing it's a positive thing to talk openly about it. Speaking in collaboration with KPMG UK ahead of National Numeracy Day on Wednesday, 21st May, Dr Linda said: 'The research has shown a real mix of confidence when it comes to finance and dealing with money. Advertisement Hide Ad Advertisement Hide Ad 'And confidence is key – this isn't just about maths; numeracy is all around us in every way. We're always dealing with numbers in some form in our lives. 'The good news is, many do rate their understanding, but as soon as things get a little complex, confidence levels drop. 'Talking about numeracy and financial topics more frequently would absolutely help people to build confidence, hearing whether other people thrive or struggle – and enable one another by listening and lending a helping hand.' When provided with 10 personality approaches to money, only three per cent considered themselves an 'oversharing optimist' and four per cent a 'competitive comparer'. Advertisement Hide Ad Advertisement Hide Ad Respondents are most comfortable speaking to partners (46 per cent), family (20 per cent) and friends (10 per cent) about money but only one per cent would openly discuss it with a work colleague. And when it does come to chatting about finances with friends and family, 24 per cent do so only a few times a year. Three in 10 wish they were more comfortable talking about money with others according to the OnePoll data. More broadly, 88 per cent said they were confident in their ability to work with numbers, but 37 per cent did admit to struggling to understand financial documents such as utility bills and bank statements when it comes to numerical complexity. Advertisement Hide Ad Advertisement Hide Ad While 49 per cent said they openly talk about financial topics such as the value of money (61 per cent) and encouraging responsible spending habits (52 per cent) with their children to increase their exposure from an early age. And despite a generally strong understanding of numbers, 35 per cent do find themselves short of cash at the end of each month, with 23 per cent lacking funds halfway through. Typical reasons included unexpected costs (38 per cent), high bills (33 per cent) and not enough income to see them through (29 per cent). However, a lack of savings, bad budgeting and money mismanagement equated to 28 per cent of reasons why. Advertisement Hide Ad Advertisement Hide Ad With 30 per cent of those polled saddled with a form of debt, such as a credit card, mortgage or loan. Bina Mehta, chair at KPMG UK, which commissioned the research, said: 'Number confidence can have a significant impact on our lives, especially when it comes to understanding 'everyday' numbers like mortgage or credit card interest rates. 'Good numeracy skills can improve confidence with financial decision making, enhance job prospects, and even guard against vulnerability to fraud and debt, all of which contributes to a healthier and more inclusive economy.' Sam Sims, chief executive at National Numeracy, added: 'This research highlights just how deeply personal our relationship with money is - and how confidence with numbers shapes our financial decisions. Advertisement Hide Ad Advertisement Hide Ad 'While it's encouraging that so many people feel confident with numbers, the reality is that millions are still struggling with budgeting and understanding bills and financial documents. 'We know that boosting numeracy isn't just about being better at maths - it's about building the confidence to face everyday financial challenges and make informed decisions. 'That's why National Numeracy Day exists: to inspire people to feel good about numbers and take that first step towards improving their skills - because better numeracy can lead to better opportunities, and brighter futures for everyone.' Three in 10 wish they were more comfortable talking about money | Shutterstock Top five money personalities Brits relate to most Silent Saver - Prefers to keep financial matters private, rarely discussing savings or investments with others. Cautious Calculator – A careful planner and always analyses financial decisions, often creating detailed budgets and tracking expenses meticulously. Casual Conversationalist – Discusses money in a relaxed manner, often sharing personal experiences and anecdotes without much concern for details. Reluctant Realist - Talks about money with a pragmatic approach, acknowledging financial challenges and limitations. Generous Mentor – Loves to share financial advice and tips, often helping others with budgeting and investing.
North Wales Live
20-05-2025
- Business
- North Wales Live
Are you a 'financial freewheeler' or an 'anxious avoider'? Take this quiz to find out
Are you a 'financial freewheeler' or an 'anxious avoider'? Discover your financial persona by taking this enlightening quiz. This intriguing questionnaire probes into your views on money discussions and your bank balance management, eventually assigning you one of four possible character types. Following a study that discovered one in four Britons are 'silent savers' who discreetly manage their monetary matters—contrastingly, only a mere 5% exhibit complete transparency over their pecuniary affairs. A survey engaging 2,000 individuals disclosed that 18% align with the 'cautious calculator' archetype: scrupulous and exacting in their fiscal approach. Then, there are the 12% who fall into the 'casual conversationalist' category, comfortably chatting about their financial state and exchanging personal stories. Leading psychologist and media commentator Dr Linda Papadopoulos highlights that despite typical British reticence to discuss money—with a half actually favouring open conversations about finances—the findings indicate a vast spectrum of confidence in money management. Teaming up with KPMG UK for National Numeracy Day on Wednesday, 21st May, Dr Linda emphasises: "The research has shown a real mix of confidence when it comes to finance and dealing with money." She continues, underscoring the significance of self-confidence in financial literacy: "And confidence is key – this isn't just about maths; numeracy is all around us in every way. We're always dealing with numbers in some form in our lives. "The good news is, many do rate their understanding, but as soon as things get a little complex, confidence levels drop. Talking about numeracy and financial topics more frequently would absolutely help people to build confidence, hearing whether other people thrive or struggle – and enable one another by listening and lending a helping hand." When presented with 10 different personality types related to money, only 3% identified themselves as an 'oversharing optimist' and 4% as a 'competitive comparer'. The majority of respondents feel most at ease discussing finances with their partners (46%), family members (20%) and friends (10%), yet only 1% would openly discuss it with a work colleague. And when it comes to discussing finances with friends and family, 24% do so only a few times a year. According to the OnePoll data, three in 10 wish they were more comfortable talking about money with others. More generally, 88% expressed confidence in their numerical abilities, but 37% admitted to struggling to understand financial documents such as utility bills and bank statements when faced with numerical complexity. Meanwhile, 49% said they openly discuss financial topics such as the value of money (61%) and promoting responsible spending habits (52%) with their children to increase their exposure from an early age. Research has shown that despite having a good grasp of numbers, many people struggle financially, with 35% often finding themselves short of cash by the end of the month and 23% running out halfway through. The main reasons for this include unexpected expenses (38%), high bills (33%), and insufficient income (29%). However, poor budgeting, lack of savings, and money mismanagement also play a significant role (28%). Additionally, 30% of those surveyed have some form of debt, such as credit cards, mortgages, or loans. Bina Mehta, chair of KPMG UK, which commissioned the study, stated: "Number confidence can have a significant impact on our lives, especially when it comes to understanding 'everyday' numbers like mortgage or credit card interest rates. "Good numeracy skills can improve confidence with financial decision making, enhance job prospects, and even guard against vulnerability to fraud and debt, all of which contributes to a healthier and more inclusive economy." Sam Sims, chief executive at National Numeracy, added: "This research highlights just how deeply personal our relationship with money is - and how confidence with numbers shapes our financial decisions. "While it's encouraging that so many people feel confident with numbers, the reality is that millions are still struggling with budgeting and understanding bills and financial documents." The organisation behind the awareness day says: "We know that boosting numeracy isn't just about being better at maths - it's about building the confidence to face everyday financial challenges and make informed decisions. "That's why National Numeracy Day exists: to inspire people to feel good about numbers and take that first step towards improving their skills - because better numeracy can lead to better opportunities, and brighter futures for everyone." National Numeracy has also identified the top five money personalities that Brits most relate to: Silent Saver - Prefers to keep financial matters private, rarely discussing savings or investments with others. Cautious Calculator – A careful planner and always analyses financial decisions, often creating detailed budgets and tracking expenses meticulously. Casual Conversationalist – Discusses money in a relaxed manner, often sharing personal experiences and anecdotes without much concern for details. Reluctant Realist - Talks about money with a pragmatic approach, acknowledging financial challenges and limitations. Generous Mentor – Loves to share financial advice and tips, often helping others with budgeting and investing.
Wales Online
20-05-2025
- Business
- Wales Online
Are you a 'financial freewheeler' or an 'anxious avoider'? Take this quiz to find out
Are you a 'financial freewheeler' or an 'anxious avoider'? Take this quiz to find out A new quiz has been launched to help Brits discover their 'financial personality' - so are you a financial freewheeler or an anxious avoider? Linda Papadopoulos discusses different financial personalities Are you a 'financial freewheeler' or an 'anxious avoider'? Discover your financial persona by taking this enlightening quiz. This intriguing questionnaire probes into your views on money discussions and your bank balance management, eventually assigning you one of four possible character types. Following a study that discovered one in four Britons are 'silent savers' who discreetly manage their monetary matters—contrastingly, only a mere 5% exhibit complete transparency over their pecuniary affairs. A survey engaging 2,000 individuals disclosed that 18% align with the 'cautious calculator' archetype: scrupulous and exacting in their fiscal approach. Then, there are the 12% who fall into the 'casual conversationalist' category, comfortably chatting about their financial state and exchanging personal stories. Leading psychologist and media commentator Dr Linda Papadopoulos highlights that despite typical British reticence to discuss money—with a half actually favouring open conversations about finances—the findings indicate a vast spectrum of confidence in money management. Teaming up with KPMG UK for National Numeracy Day on Wednesday, 21st May, Dr Linda emphasises: "The research has shown a real mix of confidence when it comes to finance and dealing with money." She continues, underscoring the significance of self-confidence in financial literacy: "And confidence is key – this isn't just about maths; numeracy is all around us in every way. We're always dealing with numbers in some form in our lives. Article continues below "The good news is, many do rate their understanding, but as soon as things get a little complex, confidence levels drop. Talking about numeracy and financial topics more frequently would absolutely help people to build confidence, hearing whether other people thrive or struggle – and enable one another by listening and lending a helping hand." When presented with 10 different personality types related to money, only 3% identified themselves as an 'oversharing optimist' and 4% as a 'competitive comparer'. The majority of respondents feel most at ease discussing finances with their partners (46%), family members (20%) and friends (10%), yet only 1% would openly discuss it with a work colleague. And when it comes to discussing finances with friends and family, 24% do so only a few times a year. According to the OnePoll data, three in 10 wish they were more comfortable talking about money with others. More generally, 88% expressed confidence in their numerical abilities, but 37% admitted to struggling to understand financial documents such as utility bills and bank statements when faced with numerical complexity. Meanwhile, 49% said they openly discuss financial topics such as the value of money (61%) and promoting responsible spending habits (52%) with their children to increase their exposure from an early age. Research has shown that despite having a good grasp of numbers, many people struggle financially, with 35% often finding themselves short of cash by the end of the month and 23% running out halfway through. The main reasons for this include unexpected expenses (38%), high bills (33%), and insufficient income (29%). Three in 10 wish they were more comfortable talking about money with others according to the OnePoll data. (Image: Getty ) However, poor budgeting, lack of savings, and money mismanagement also play a significant role (28%). Additionally, 30% of those surveyed have some form of debt, such as credit cards, mortgages, or loans. Bina Mehta, chair of KPMG UK, which commissioned the study, stated: "Number confidence can have a significant impact on our lives, especially when it comes to understanding 'everyday' numbers like mortgage or credit card interest rates. "Good numeracy skills can improve confidence with financial decision making, enhance job prospects, and even guard against vulnerability to fraud and debt, all of which contributes to a healthier and more inclusive economy." Sam Sims, chief executive at National Numeracy, added: "This research highlights just how deeply personal our relationship with money is - and how confidence with numbers shapes our financial decisions. "While it's encouraging that so many people feel confident with numbers, the reality is that millions are still struggling with budgeting and understanding bills and financial documents." The organisation behind the awareness day says: "We know that boosting numeracy isn't just about being better at maths - it's about building the confidence to face everyday financial challenges and make informed decisions. Article continues below "That's why National Numeracy Day exists: to inspire people to feel good about numbers and take that first step towards improving their skills - because better numeracy can lead to better opportunities, and brighter futures for everyone." National Numeracy has also identified the top five money personalities that Brits most relate to:
