A quarter of Australians lie about money

Did you know that 1 in 4 Australians lie about money?

According to Finder's latest research data, an equivalent of 5.2 million people have lied about their financial situation.

In fact, the research shows the most common money-related lies deal with income and savings.

The most common fib Aussies tell is how much money they have in savings – with 1 in 8 (13%) lying about how much cash they have stashed.

Other common money-related lies include not telling the truth about their salary (9%), followed by how much debt they have (8%).

Meanwhile, the research also revealed that of those who admitted to lying about money matters, people were most likely to fib to their friends (44%).

And finally, partners were a close second, with almost 1 in 3 (29%) of those who lied, admitting to financial infidelity.

About Brett Warren Brett Warren is Director of Metropole Properties Brisbane and uses his two decades of property investment experience to advise clients how to grow, protect and pass on their build their wealth through property.