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In its 2025 Money Study, Wells Fargo found that 56% of Americans are keeping money secrets.
Also seewhy financial infidelity could destroy your relationship, according to Ramit Sethi.
Having debt is assigned a moral value.
Or if you are living paycheck to paycheck, society shames you for buying a Frappuccino.
So people keep quiet rather than be subjected to shaming and ridicule.
But even those with more savings often keep their account balance a secret.
As a culture, were kind of obsessed with our financial lives being secret.
Unfortunately, this leads to a vicious cycle of more secret-keeping.
Oftentimes, its simply a way to protect oneself either from shame, judgment or something else.
This doesnt always have the intended results, however.
Money secrets affect all aspects of health, not just financial, Miranda explained.
My belief is that the worse things get financially the worse the secrets become, Miranda said.
And more judgment leads to more secrecy.
While its not easy, its often to your benefit todiscuss your finances with someone you trust.
That might be a partner, a close friend, or even a financial coach or advisor.
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