New research from Nationwide's investment provider, Legal & General, shows that large numbers of us desperately avoid bringing up the 'M' word in conversation – no matter whom that conversation is with. Spending habits are one of the subjects couples most frequently avoid, debt is the least popular subject to discuss with our parents, and we'd rather talk to friends about politics and family scandals than about how much we earn, how much we owe and how much we're saving.
This reluctance to talk about money matters isn't just restricting topics of conversation; it's hurting people's finances and their plans in life. And it's causing a lot of stress in the process. In the Legal & General research, 41% of people say that money is one of the things that they worry about most. Yet a large number of those people do most of their worrying alone, since 46% say money is a personal matter that shouldn't be discussed.
It's hard to make a meaningful plan for your finances without being prepared to talk about them – but once you do, it's far easier to address the issues that worry you, and bring the things that you want in life within reach.
Here are 5 of the top money taboos that Brits tiptoe around in conversation, and how starting to talk about them can make a big difference to you and your family.