The Costly Reality of Being Single in the U.S.

1 min read
Source: CNBC
The Costly Reality of Being Single in the U.S.
Photo: CNBC
TL;DR Summary

Being single in the U.S. can be expensive due to the "singles tax" - the higher cost of living alone compared to sharing expenses with a partner. Single individuals often bear the full burden of housing costs, which can be significant in expensive cities. Additionally, they miss out on financial benefits reserved for married couples, such as tax advantages. However, being single also offers financial freedom and the ability to invest in oneself. To mitigate costs, singles are advised to budget carefully, consider getting a roommate, downsize, and find ways to cut expenses within their community.

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