Full Breakdown
Hidden Assets Among Older Married Couples in the UK
1/5/2026, 10:41:33 PM
Survey Findings on Financial Secrecy in Marriage
A recent survey conducted by Opinion Matters for Co-op Legal Services reveals that 31% of married individuals aged 65 and over in the UK have concealed assets from their spouses. Notably, 14% of these respondents admitted to hiding assets valued at £50,000 or more. The survey highlights that nearly two-fifths (38%) of older couples remain married for practical reasons, primarily financial convenience and property concerns, with 16% indicating that it is financially easier to stay married.
Financial Management Dynamics
The survey indicates that men predominantly manage household finances, with 58% of couples reporting this arrangement. Among those whose spouses handle the finances, 10% expressed unease, while 22% worry about their financial stability in the event of their partner's death. Additionally, 14% of respondents feel anxious due to a lack of knowledge regarding their household's financial situation.
Domestic Responsibilities and Financial Imbalances
The survey also sheds light on domestic responsibilities, revealing that 15% of men and 49% of women claim to perform the majority of household chores. Financial circumstances among the surveyed couples vary significantly; 26% reported having less than £10,000 in combined savings, while over 12% own property valued at £500,000 or more.
Perceptions of Divorce
Interestingly, around 24% of respondents believe that it is "too late" to divorce after the age of 65, although 12% have considered the option. The post-Christmas period, particularly early January, is often viewed as a time when marital issues come to the forefront, prompting discussions about financial and emotional dissatisfaction.
Expert Insights
Ben Evans, a family lawyer at Co-op Legal Services, commented on the findings, stating, “These findings suggest that a significant number of older couples are quietly unsatisfied in their marriages but feel financially or practically locked in.” He emphasized the importance of financial disclosure in divorce proceedings, noting that courts consider various factors when determining fair settlements. Evans reassured that individuals should not feel pressured into agreements and that options exist for securing financial support during legal proceedings.
Conclusion
The survey, which included 1,000 married individuals aged 65 and older across the UK, underscores the complexities of financial management and emotional satisfaction in later-life marriages. As older couples navigate their relationships, the findings reveal a significant prevalence of financial secrecy and practical considerations that may inhibit separation, highlighting the need for awareness and support in these situations.
