Does It Cost More to Be Single Than Married? Here's a Comparison of Five Categories
According to a survey by CouponCabin, two in five single people think they're worse off financially than married people, and one in three married people agree.
Here's a look at how single and married people compare financially in five different categories:
#1.) Taxes: More than half of all single people say that they pay more in income taxes than married people do, and almost as many married people agree with them.
#2.) Household expenses: Single people and married people disagree on who has it worse when it comes to household expenses. 62% of married people think their expenses are higher . . . but only 29% of single people agree.
#3.) Saving: Married people usually have two incomes, which is why 48% of them think that they save more than single people. But 51% of single people say that THEY save more, because they don't have kids and other responsibilities.
#4.) Flexibility at work: Married people have families to get home to, so they usually get more flexibility when it comes to work hours. Only one in three single people, and one in four married people, think single people have it better.
#5.) Other expenses: Single people spend money on bars, dinners, and trendy clothes. They also spend more on gifts for their married friends than they receive.