Why are people so private about their finances?

It’s strongly cultural. To the degree it’s sensitive, it’s often because wealth is taken as a proxy for social status and/or power. Thus asking about money can serve to underline what makes people DIFFERENT and can easily be perceived as intrusive and intimate.

Why is it impolite to talk about money?

A big part of the reason why we don’t talk about money is that it might reveal something we’re embarrassed about—whether it’s how much we spend on our pets or how much credit card debt we’ve got.

Is it socially acceptable to talk about money?

Discussing money is considered gauche in certain situations but permissible in others if the questioner needs the information, and if the topic is approached in the right way, says Smith. What you don’t want to do is put people on the spot in very social situations, such as at a party.

Why do British people not talk about money?

To many people, money is considered a taboo subject. In the Lowell survey, more than half of the people feared they would be judged if they were to open up to someone about personal issues, financial or otherwise. Fears that talking about money will break up relationships or affect employment are common concerns.

Is asking about money rude?

It’s rude to ask how much money someone else makes, and it’s also rude to share how much money you make (unless there is good reason to do so, i.e. someone is looking for a job in your field and wants to know a typical salary range). “This can make people feel uncomfortable,” Porter said.

Is it rude to ask someone how much they paid for their house?

“It is perfectly acceptable to ask, ‘This is a beautiful area, we were considering this neighborhood, what is the range for houses nearby?,’” she said. “Then, the homeowner can share a range, specifics or the contact information for their favorite Realtor.”

Is talking about money tacky?

Talking about money is tacky. It’s uncouth, uncultured, and uncivilized. Talking about money means you were brought up without manners, culture, or class. There’s a social stigma associated with talking about money that’s hurting the fabric of society.

Do Brits say money?

For Brits, money is a taboo subject. In fact, we’d sooner talk about sex, religion and politics.

Is it rude to talk about money UK?

We might feel judged or worry we’ve put our hard-earned cash at risk, depending on the details we’ve disclosed. Another big reason is that talking about money can be seen as ‘rude’. Perhaps it’s a little stereotypical, but in Britain chatting about cash can be deemed impolite.

How do you politely say no to someone asking for money?

Try the following:

1. “I’m not really in a position to lend you money.”
2. “I really don’t feel comfortable doing that.”
3. “I’m sorry, but no.”
4. “That’s really not feasible for me.”

Should I tell my salary to my friend?

Just as it is inappropriate to ask for the income of the other, it is obscene to talk about your income and make it public information. There is just no need to disclose what we earn to anyone. First, people who know your income begin to associate you with your earnings, as if you are the money you earn.

Is it rude to ask someone how much they paid for their car?

When you ask how much they paid for something, it can make them uncomfortable; they may not want you to know how much they make, and most people don’t like to flaunt their wealth. I advise not to ask if it seems as though the item appears to be very costly, like a new piece of jewelry or a new car.

Is it okay to be a private person?

But the truth is, if you are a private person, you do not want to let many people into your life. Very few will get to truly know you — and that is alright, because it is just how private people prefer it to be. 3. We hate intrusive questions People talk, people gossip, people are curious.

What do you need to know about private money loans?

Summary: 1 Private money loans are given to individuals or companies by a private organization or individual instead of a bank or other financial institution. 2 Private money lenders must be diligent and discerning when offering private money to borrowers. 3 Risks exist for both borrowers and lenders with private money loans.

Why do private banks not offer loans to their customers?

Furthermore most of the private banks do not get involved into commercial activity such as loans, discretionary investment programs etc. Their sole purpose is safe keeping the wealth of their customers. The second very important reason is secrecy.

Does knowing private details about people’s lives make them more accurate?

Knowing private details about people’s lives doesn’t necessarily lead to more accurate judgment about people. People judge badly, they judge in haste, they judge out of context, they judge without hearing the whole story, and they judge with hypocrisy. Privacy helps people protect themselves from these troublesome judgments.