Long live the joint bank account!
My husband and I share a bank account, and I don’t care who knows it. This detail lumps us in with many Boomer couples who have typically shacked up together financially – for better or worse, richer or poorer – for the duration of their married life. As (geriatric) millennials, our joint bank account therefore renders us something of an anachronism, but we’re used to this by now. We are outdated and unfashionable in our approach to many things, including (but not limited to) childcare, housework and car management. Research by TSB in 2024 bears out just how unmodish we are: just one in every eight people in a partnership share their finances entirely with their partner, while the vast majority (88 per cent) prefer to maintain some level of financial independence and keep their own, private bank account for jollies and dresses.
Whoops! See what I did there? I angled the private bank account wheeze solely to women; how frightfully gender normative of me. But further research released last week by Co-op would back up my hunch that of the married minority that still opt for joint bank accounts (call us the Jointies), it........
