In the past, it was rare for married couples to have separate bank accounts. But recently, separate accounts have become more common. A survey by Bank of America found that 28% of millennial couples are forgoing joint bank accounts and keeping their finances separate. Having a separate bank account in marriage gives you a sense of financial independence, self-identity, and empowerment. Some people out-earn their husbands by a considerable margin and don't like the idea of splitting the difference, no matter how educated or progressive they are. Ultimately, it is a personal choice to be discussed between the couple. A happy medium could be having a joint account for all common expenses and still having a separate bank account. Couples with joint accounts may find it easier to keep track of their finances because all expenses come from one account. But having a separate bank account allows you to keep your independence, privacy, and financial freedom to save or spend as you want.