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Americans Will Share Waist Size Before Wallet Size
Wednesday, April 24, 2013 6:30 AM

What tidbit of personal information would you rather divulge to a coworker – your waist size or wallet size? According to the latest COUNTRY Financial Security Index® survey, most Americans (63 percent) would rather share their real weight. Just 23 percent say they would choose to disclose their checking account balance.

Men are more self-conscious about their wallet, while women are more skittish about sharing the number on the scale.

  • Sixty-eight percent of men would rather tell their real weight, compared to 58 percent of women.
  • That might be why men are also more likely to lie about their money. More men (22 percent) have lied about their income than women (18 percent).

Although Americans may be hesitant to talk about their finances, improving their financial situation is still on their minds.

  • More than half (54 percent) say if they received a $1,000 bonus they would save it.
  • Further, 77 percent would rather manage their budget than get a root canal.

Americans Reveal Financial Dirty Little Secrets

  • One-in-five Americans (20 percent) admit they have lied to someone about their income.
  • Ten percent say they have made purchases they can’t afford in order to be perceived as having a certain lifestyle.
  • Perhaps this financial fibbing is why 33 percent admit they have been scared to check their bank statement.

Additionally, some 18 to 29 year olds are feeling pressure to keep up appearances, which is causing them to stretch their paychecks.

  • Twenty percent have made purchases they can’t afford in order to be perceived as having a certain lifestyle. That’s nine points higher than any other age group.
  • Another 24 percent have lied to someone about their income, also the highest among all age groups.

But while more 18 to 29 years olds (14 percent) say they would spend a $1,000 bonus than other age groups, they are also the most likely to say they would save it (59 percent).