Majority 'financially unprepared' for relationship break down

Greater education and planning needed

clock • 2 min read

The vast majority of people say they would not be financially prepared should their relationship break down - pointing to a need for greater education and better planning, advice firm Portafina has said.

Research from the adviser found 92% of people would not be financially ready to deal with a break-up. It also found 57% of people are not open with their long-term partner about their finances. The advice business surveyed 1,000 people for its research. Portafina managing director Jamie Smith-Thompson said the results mean people should take a greater interest in financial education from a younger age to become better prepared when things go wrong in their personal life. "This would help people to have a strong understanding of money, including how to manage it and the steps you ca...

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