Why Being Single Is So Expensive In The U.S.
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- Опубликовано: 28 май 2024
- The number of single Americans has been steadily rising for several decades. Today, 46.4% of U.S. adults never married, are divorced, or widowed. But a single life today can come with an additional challenge: financial anxiety. A 2023 survey by Match revealed that the top three stressors for single Americans, excluding Gen Z, were all financial. So what’s causing so much financial anxiety among single Americans?
Chapters:
00:00 - Introduction
01:44 - Singles tax
05:13 - Legal
09:17 - Financial planning
Produced by: Juhohn Lee
Additional Camera: Mark Licea
Edited by: Nora Rappaport
Animation: Midnight Snacks
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
Additional Sources: Pew Research Center, Tax Foundation, Cornell University
Special Thanks: The Financial Gym
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Why Being Single Is So Expensive In The U.S.
Lets be honest here. A compatible relationship is cheaper than being single. A non-compatible relationship is way way way more expensive than being single.
Facts
Women expectation becoming unrealistics exponentially,
and they're becoming easier to disappoint,
petty & clumsy mistakes are now listed in the big book of Red Flag
once you make a single red flag, they'll give up on you, and start looking for a new potential partner.
They want that perfect Netflix boyfriend that was not exists, and they won't settle for less.
not to mention they had thousands of Alligators in their DMs, they're special and loved by men all over the internet.
Marry for 13 years my best friend and lover we invest together travel together no kids work hard to retired early together if you have the right women is just perfect
Evidence?
@@jensenraylight8011 just say you are a L0ser.
If you think being single is expensive, wait until you get married and divorced.
🎯🎯🎯🎯 still waiting on that study to be featured
especially men....#nojustice
Doesn’t the definition of single here include divorced and widowed?
Bingo
Silly comment. If your relationship is bad or fails, that's on you.
Just because something is cheaper doesn't always make it a better choice in the long term. Being attached to the wrong person can set you back more than it helps.
😂 The life of most couples these days! 🙊
@brentmorrison3392 its sad how people fall into that trap
this is very true most people dont realize your spouse will make or break your success
I have been in emotionally and financially ruinous relationships. We need an economy that works for single people
And there's no guarantee that the person you marry won't blow all your money
You know what is even more expensive,
1. Alimony
2. Child Support
3. Single Parenting
So is the expense of physical and mental well-being. Married people don’t seem very happy as they think they are.
1 because it may never end.
hey i just wrote same pointers man! No one wants to point that sadly.
Sure, but those only come after you chose to have kids which is not the point of the comparison.
paying a mortgage too, because married couples are expected to own a house. as a single person you can rent a room somewhere,
Being single really is so expensive but my peace of mind is priceless ❤
Get one girl roommate to pay half rent every month
With more than 70% divorce rate among younger generations, marriage will very likely to destroy the lives of those who choose to foolishly do it these days and selfishly not consider the lives of the children lives ruined in the process.
Yes, this is also me 😎
Who hurt you? You will die alone and broke.
I know now why ppl get married so often and so early in Usa
I have no kids but I tell my boss I have kids. When they know you’re single with no dependents, they feel entitled to your time. Some bosses will expect you to do extra while another married coworker is enjoying their day off. You’re also less likely to get fired or laid off.
That's sad. I get it though. It's almost like being confident in mandating your own time outside of work is punished.
Facts
Right on i should've done that when i first started working. My wife would've agreed to it as well.
The US has a toxic work culture.
If you’re single with no dependents you’re lazy is what people assume.
Living alone is such a LUXURY 😎 The peace and comfort of it all IS priceless . 🤑
💯
The Key is you save a ton load of money and spend your hard earned money on your needs ,rather than someone else.
If you can afford to do it
The video just put a price on it.
It is a luxury. If more people decide to live alone then the supply of housing would decrease and prices go up.
I don't care, being single is so worth it.
$6000 worth of more sanity.
Well said 👏 👌
Yessss for sure.
If your partner works, maybe.
You will convince yourself of that if you have NO CHOICE in it. LMAO! Delulu is the solulu for you!
One of my professors in college said the US tax code is designed to promote marriage and home ownership. If you are married, you will most likely have children and thus create new taxpayers. If you own a home, you are more likely to be a productive member of society that contributes to the economy. If you are married and own a home you would be less likely to overthrow the government or cause problems because it benefits you to maintain the status quo.
Yes exactly they want more babies and more available housing spaces
When you get old that child could be your future doctor or nurse. Young people also fund the social security systems as they enter the workforce.
Well, January 6, 2021, begs to differ! 😂 Sorry I had to when I saw the overthrow the government part lol
Bingo!!
I get what you're saying, but honestly people were getting married and having kids long before our current tax code. Our tax code was designed by the circumstances of the majority at the time, and homeownership boosts wealth winch increases long term stability in our nation.
As a Single person, the grass isn't greener on the other side. I know too many Couples who disrespect each other, cheat, or bicker, but stay together bc its more Affordable. People are even rooming with a Ex to keep down costs. I'd move to a cheaper State before I'd share a roof with a Ex. 🤮
Imagine dating a new guy/girl and having to explain why you're still living with your ex and trying to convince him/her that nothing intimate is going on 😆
I actually know an ex-couple like this who bought house together- but cannot afford to sell or buy each other out. They have a decent relationship for being exes --but neither can figure out why they have not found a relationship🤣🤦🏻♀️
As a single person, I'd never envy a person in an unhappy relationship. I'd rather remain single than be with someone who makes me miserable.
#OnG🙏🏾🙏🏾
"As a single person," was unecessary to qualify your statement.
Peace of mind is expensive. The only thing that worse than being single is being in a bad relationship.
💯👏
bad relationship can change your life so be careful
@@ArianaBerkeley bad experiences also makes one stronger, except not to repeat the same mistake again coz or past shapes our present.
Nice comment by both dj and Ariana.
How about being in a good one?
@@ToddRogers00 No one goes into one thinking it's gonna end bad.
The IRS really hates childless singles. Just because we are single doesn't mean we somehow have a lot of money 🤦♀️
As they should. If you’re by yourself, you have more time to pay more tax. That’s just common sense.
@@handleyobusiness This is an entitled mindset. People who want peace should not be punished.
@@handleyobusiness Why? Not everyone can get married. Being married is an extreme privilege and luxury. If anything married people should pay more tax.
@@handleyobusiness Well maybe you should handle yo OWN business unless if you're willing to handle yo marriage, divorce and alimony.
@@majesticwolf5741being married takes work and commitment (especially if you have a family) It takes zero effort to be single. As a result people should be rewarded for their efforts.
As A single person, it’s called a budget, it’s not a disaster to be Single, but it would be disastrous to be with the WRONG person. I’d rather go it alone.
Live with one same gender roommate
@@MoneyMan28that’s not always good.
@@zataishasims9732 It's good for girls because they don't have to be in fear of being rap at late night
@@MoneyMan28I'm a woman and I've seen plenty of bat sh*t crazy female roommates. It's not always safer.
@@krn2683 You can't get knocked up by a girl so it's always safer. You don't wanna pay child support for 18 years
43. Single. Childless. Homeowner. Graduate degree. Works from home. These things were once a badge of honor and added tremendously to my quality of life. Now everything’s so expensive it’s much harder and less enjoyable.
Yeah you need community, even if it’s just your immediate family.
@@Imjusttryingtotellu That's true but not relavent. Note the part of the video where they mentioned that close friends and siblings can't always be legally placed as an important person in your life.
And that proves that money and degrees do not buy happiness
@@handleyobusiness people say money can't buy happiness, doesnt have any
My stats are similar, and I don't relate. I'm genuinely happy. Definitely not stressed about money.
I have so much peace being single. I get to come home to peace and quiet after a long day, no one asking me what "we're" doing for dinner or anything else regarding the use of my time. Finances aren't a problem for me. If you want to remain single, just get a good, stable job, preferably one with a pension, and keep an emergency fund for any unforeseen expenses. Invest in your retirement early. Make and maintain great friendships that last a lifetime. If you need a ride to the doctor, or help on occasion, a friend or family will be there for you. No need to jump into any relationship that you'll later regret. A lot of people marry to keep up with the Joneses. I've lived long enough to have gone to a lot of weddings of people who are now divorced. Do whatever makes YOU happy.
here here!
Live a life that gives you peace of mind.
When I was engaged, my then fianceé insisted on splitting the bills 70-30 even though we were making the same salary. I'm financially literate and would have a big chunk of cash leftover after paying our joint bills and expenses while she squandered her money on frivolous purchases. Needless to say I broke off the engagement. Life has been amazing since.
Exactly. This is what the analysts of "couples have greater financial net worth" fail to understand: within the dynamics of a couple, there is generally one who spends more than the other and who is willing to take advantage. It's almost never a 50-50 split or contribution.
Good job dodging that bullet, buddy. I did the same the one time I was engaged and am so content being single and childless.
😂😂
As single person, i prefer to live alone
🎯😊
"As a single person...." was unnecessary to qualify your statement.
@@rg1649 I don't want a roommate either
@@cpa889900 no cohabitation especially
Me, too!
What the comments don’t understand is housing is SO expensive in big cities.
Splitting a 1br with a romantic partner is cheaper than splitting a 2br with a friend
The areas with a lower cost of living pay less so a lot of people struggle if they're in a big city or not. Rent is just too high in most places.
Thank you! You get it!
but married people are expected to have a house and kids. you have any idea how expensive that is?
@@baldeagle4710 Nobody says you have to have a house and have kids when you’re married. If they do, then you need new friends.
@@baldeagle4710there's plenty of married people who don't have kids, live in a one bedroom apt, etc
27 years old, still single af, but the smartest choice I ever made was save all my money.
Same 👍
The smartest choice you made was being single, coz you'd never haved saved that money with a woman.
@@denzel1877 right.
@@denzel1877not with just a woman, but with a bad woman that's the worst!
I don’t want to bring another poor people in this world. I’m staying single until I get rich 😂
That's my plan too. 😂😂😂
I'm in my mid 40's and am sick to death of HAVING to live with roommates because housing is too high otherwise. I shouldn't be penalized with higher costs of rent, utilities, or travel just because I'm single.
Just live with One girl roommate
hmmmm
Im 39, never married no kids. Why would i want to spend 10k on a ring, 25k on a wedding and loose over half of my assets if it turned to divorce?
You have a good point
true but maybe never met a woman worth it for you
@marymorenomariposa to me marriage has nothing to do with love. I am in a happy relationship but I refuse to succumb to societies norms. Weddings and marriage are nothing more than a money grab for the government. Then comes a possibility of divorce, again, nothing more than a money grab. I'll pass on the money part and enjoy my companionship with my partner debt free.
Why are you guys marrying women who don’t have assets or even a reliable income? It’s so insane to me how you guys purposefully choose women who make less than get angry about it! All these men get upset when women make the same as them or more. But they’re constantly whining about losing their money. Yeesh!
Media trying to fool us
So many people suggesting roommates like that doesn't come with risks lol. If the roommate loses their job or stops paying rent for whatever reason then you are screwed. I see those stories all the time. Also not being able to do what you want, have company as often as you want, etc.... the roommate life is not for me. I've always lived alone and have worked two jobs when necessary to build my savings and emergency fund. There's definitely a singles tax, and you really have to budget and be on top of your finances as a single person.
100% would rather pay more living alone than dealing with someone else
ive never been in a bind because a roommate didnt pay rent. the annoying part was they didnt clean and theey were antisocial
@baldeagle4710 another reason not to have a roommate...I don't want to be called antisocial in my own home 😂
I rather live alone than have roommates.
People don’t tell struggling families to share with other families to save.
Childless couples who get along and like each other is the best way to be.
couldn't agree more
Yup
Keywords:"no children"... if you add children those expenses go through the roof.
Single ppl have no one to rely on in terms of having to do everything themselves. If they get sick or hurt, it sets them back in so many ways.
This is why it’s benefit single people to own their car and home. That way if you are sick for a few weeks or months you not in a bad situation.
Not really. It’s called having a back up plan.
My single friend died by himself over the long weekend. Body found days later after his coworkers got no response. Just imagine if he was unemployed then he could be mummified by the time his auto-pay rent fails.
But if your married and something happens to someo you have to pay for 2 people
If you are in a bed relationship you have to do everything yourself for both which is far worse.
Singles tax is just ridiculous
I think the Golden Girls living arrangement was nice and would consider that if I was an older single.
Me too. I would rather spend time with roommates than sit around watching videos all day and replying to comments lol
Agreed.
I live in a sharehouse. totally worth the risk for a few years
I’m single, and trust me …. it cost more to be in a relationship 😂 the time it takes to get to the point to move in with your partner and split bills is a long time.
This is a fact. Took a lil over 4 years to get to the point of moving in and I personally see big savings coming, but this is mostly while we are younger and mostly free of health issues. I could potentially see shared costs going up over time but the living arrangement is beneficial financially.
it also depends on where you live, in Miami your partner will spend more than if you lived in the midwest
LoL I agree. Facts my friend
If you get married and divorced (more than half do for 1st marriage and like 70% end in divorce for 2nd marriage) and the person gets half or more of your assets... yeah that's going to be pretty costly as well.
If you have a partner that contribute equally it shouldn’t be expensive. Most times one person is paying more than the other which puts a strain on the relationship and finances.
I’d rather pay more overall than be dealing with another person’s bs
And that’s a Fact 😳
😂dang! couldnt said it better my self!
why does everyone in the comments assume a relationship is always the most toxic thing on earth? have you literally never been in a healthy relationship? lmao
This is true. I feel like I’m penalized for being single and not having children. I should be rewarded!
How dumb.. why does that deserve a reward? My kids have to pay your pension, take care of you when you are old. What an achievement
Well not really. Being si gle goes against what capitalism is all about, cheap labor, volume sales and future clients lol
if you are single you have the flexibility to downsize for instance i stay in a $700 studio to save you cant do that with a family.
Literally this! They take 600 from every check and I get paid biweekly. I only got one stimulus check during the pandemic and that was only because I was in school at the time
@brownskinbeauty6815 but as a single person you have autonomy over your own time and flexibility to move at will. You don't realize how powerful freedom is until it's taken away. Married with children is like having a puppy that can never be left alone in the house by itself ever.
I rather be single than be married to the wrong person and divorced. Not worth it.
👏🏾
hence the name smarty2able 👍💡
Same here
Same here
The 'single occupancy' fee when traveling is just one example of the singles tax. I was once looking at travel deals for a trip to Europe. There was an incredible discount offered, but only to couples. Upon looking further, if you signed up as a single individual, you'd have to pay an additional $800.
I agree that this additional expense happens on some travel deals when you travel single and one solution is to travel with a friend.
I travel internationally at least twice per year for vacation. I pay anywhere from $500 to $900 extra because I travel as a single.
Yes, there is a great trip I want to take, but I would have to pay an extra $800 for it. I have been trying to get a friend to join me, but they can't afford it. The other issue I have is that sometimes, when I'm out in the countryside, if I'm at a table myself I get worse service. On the Oregon Coast I had a waitress outright refuse service to me because I was a woman by myself (there was no counter to sit at for this restaurant) and because I was a woman she couldn't do that "flirt with the dude" act she was doing with other tables. It's too bad, because I usually eat quick and tip well, so she was wrong to not want to serve me.
I had the same experience. I saw an awesome package tour around Franz Josef Glacier in New Zealand, but after clicking on the deal, it was the cost per person sharing a hotel room. Friends and I always talk about going on travels together, but with friends it always seems to be endless talk that often doesn't happen, but with partners it's a priority to go on holiday together so it's much more likely to happen.
@mountaincat8 it's not always possible to travel with a friend. There have been many times I've had to travel alone because friends didn't want to go, couldn't afford it, etc. So now I can either go and pay more or miss out on an awesome trip.
I'm happily single, make good money and I fortunately don't live in an overly expensive city. I'm not stressed.
What city?
Can’t put a price on peace of mind 🤷🏾♂️
That part lol
Amen
If being single is expensive, then taking care of more people is worse.
Its funny how these “why is no one getting married” stories are getting more and more frequent.
just the wedding alone is like 100k
The marriage rate is down dramatically for various reasons, so these stories reflect reality
@@Ovprksdnw ya but its been down for a few years now. Its like mainstream is just starting to notice or acknowledge it
It’s like your boss being mad about why you’re not getting married.🤭
Like, why would an irrelevant person try to push a man into marriage?
To each one their own. A bad relationship can set you back a lot WORSE than being single, both financially and psychologically.
There is a saying in Spanish “mejor sola que mal acompañada” better single than with bad company. There are pros and cons, my mental health has gone up so much not living with my parents or a partner that wasn’t treating me well. I do have financial anxiety but I’d take that any day over being with someone that I can’t be comfortable with in my home. Money is made to come and go
So true
Peace of mind is priceless. I'll stay single until I find the right partner. I'm happily single and kid free 😌
Completely agree.
Same here
I’m single and live within my means and I am doing much better and couples I know. Especially when someone is not pulling their weight!
I’m single and I’m living my best life I’m good on marriage it’s not for me
Definitely more expensive in a relationship lol Now I go out to eat more, dates, and socialize. I'm an introvert, so I saved a lot of money not doing any of that stuff.
There are lots of free things to do so dating and socializing are not automatically expensive. Most people have to pay for housing, food, etc. I pay $1600/mo for a one bedroom apartment. There are couples in my building who both work. That $1600 is easier for them to handle.
yup i never go on dates and i cook my own food. i save like 50% of my paycheck.
Sounds like you're in the wrong relationship if you have to do these social activities (which you don't really wanna do). I once dated a wealthy girl who was big on traveling and showing off on Instagram. I was miserable mostly bc I didn't want to do all those activities and it cost me a lot of money (and stress).
The main issue is the tax penalty for being single. Roommates will not reduce your tax bill. Married ppl get that advantage as do parents.
Children are expensive and being a parent is endless stressfull work.
@@CordeliaWagner Definitely agree! I think that’s why the government incentivizes people’s choice to become parents.
Yeah I think tax cuts for parents makes sense, but not for people who are just married without kids.
What tax cut is there for being married? I missed that one.
@@user-xw4vg1vy5eYour adjusted gross income is higher when married so less of your money is taxed at higher rates.
I’m so glad to see someone post a video on this. People don’t understand how single people are discriminated against financially. Employers are also harsher on single people. Keep up the good work on bringing attention to this.
I think it is totally wrong for an employer to be harsher on a single person. Most of my older co-workers are married and already have children that are grown but a lot of my coworkers in their twenties and thirties don't have spouses or children. If I was an employer I would realize the single people need to have time and energy in order to find a partner and have children.
@@The-Oneness11 That and just to live life. Not all single people aim to be partnered and/or have kids. Having free time also allows them to maintain friendships and do activities. Overwork is the reason why people tend to feel lonely and unfulfilled. Even if you enjoy your job, there’s only so much you can get out of it. You have to have a life & identity outside of work and home.
One issue is the expensive housing. The other big issue is not enough third places - places outside the home where you can just hang out with little to no expectation of spending a lot of money. It gets exhausting to find something to do without a steep paywall behind it.
@@JuriAmari That's true too. But even though I am already a parent I wish I could have another child but I feel I can't because my job requires so much time and energy.
The social security one is the worst to me. I want my benefit to go to a family member of my choosing
Taxes need to go away regardless
yes!!! Not many people talk about that but if I’m not mistaken, if you die, you’re allowed to give your Social Security to your spouse, but if you die, and you’re not married, you don’t have the choice of putting on your will you want it to go to your cousin or sibling or even friend, if you don’t have relatives by then
Being single and enjoying the solitude, peace, freedom and independence are all PRICELESS!
My two greatest frustrations are 1) health insurance 2) and benefits that married people get at work.
With health insurance, single people are tied to their jobs. We are more afraid to speak up at work because if we lose our job, we lose health insurance because we don't have the option to get on a partner's health insurance. We also have to stay longer in jobs environments that are toxic. I have had several friends who were able to leave their awful work situations and commit themselves to passion projects or have time to do a job search without a job, and they have greatly benefited from that. I'm glad they had that, but it's frustrating for single people to not get that. This would be eliminated if we have universal healthcare.
With work, us single people have often have to cover for both people out sick and people who take sick time to care for a family member. When I am sick, I have to care for myself. My friends help me but they cannot use sick leave to care for me, so it has to be around their work schedule or they have to use vacation days or not get paid.
Write your local reps. It works.
If you quit your job, you can call the state for Medicaid. You tell them you have no income and they instantly give it to you for free. Better insurance too. Move to a state that has Medicaid. So this shouldn’t be a reason to stay with a bad job
@@CPATuttleDoes Chicago have Medicaid?
I'm Asian, it's common to live with your parents when your single and sometimes even after marriage. We split the bills and the younger generation takes care of elderly members & the older generation babysits the kids
I came from the Asian household. 36, single, having love interest here and there and going out on a date and hiking etc. being single and splitting bills with your own family is so much cheaper. If your living with a non-toxic family, then it’s a win-win because parents get the chance to be look after such as their medical needs. I was surprised how some Americans pay $600-900/month on childcare whereas Asians parents babysit the kids
That part #non-toxic
I do just fine as a single person - and do not have to worry about anyone controlling or cheating on me. The people I know who have married have all largely been unhappy, and some of them financially devastated
today its luxury to be single and pay everything by yourself
Yup less stress and you can trust yourself more
So people’s main motivation to get married is to split living costs???
That part
Since the beginning of time!
Well here's the thing. If you're single, 100% of the bills are on you. If you are cohabiting, you can share expenses but your costs go WAY up if you have a house and kids. I have a six figure income and I'm able to save a decent amount because I'm single and know how to manage expensees. Married people have to work work work just to afford to have a family which sounds exhausting
There are single people with houses and kids too 😂
I’m married and my housing costs have gone down so much now that I can share the costs on a 2bed instead of paying for a one bed alone. Food, bills everything divided by 2. No house or kids for us so not sure why that is in your comparison. You should compare single parents to married parents if you’re going to mention kids
@@doctorofletters8412A lot of these comments are bitter because they don't look at the successful cases. Marriages can succeed with certain goals and values and it's best financially for most people to either not have children or have them much later when they are much more financially stable.
What is average percentage of success
An AI girlfriend is cheaper than alimony, child support and the pain of being denied access to your own child.
I’m married and provide for both my wife and I as she goes to school. I have a mortgage to pay and I’m self employed in a struggling industry. Times are tough but im hoping to survive this as the sole provider.
That’s normally the case. Even if married one person is normally the provider. I watch all these videos or posts about how people aren’t with the splitting bills mainly females in the dating pool now. So it’s still a one way street for a lot of people
@@TheAlfredPlatform oh I don’t lol. A relationship to me is a partnership like you’re my other half and we support each other for the team. Life has taught me either we’re in it together or not at all. I don’t date those type of women who wouldn’t be willing to build and share together as a unit.
Okay, but this video is not about you - it's about non married people.
God bless you and Good luck to you and your wife for everything 🫡💯you guys got this!
@@Theveteranhomesteaderthe majority of relationships are 50/50. There have been an increase in women being the breadwinner recently.
I am single and have 2 pets. I should get a freaking deduction, or better yet, not taxed at all..
Are people overlooking the tax disadvantages of being single. People keep mentioning how they’re managing their income, expenses/cost of living, debt burdens, and asset/liabilities while overlooking how much better married people with dual incomes make out-especially if they’re childless. Even a couple with a single income could likely qualify for a host of things and still gain tax advantages.
People with kids get tax credits when they’ve chosen to take on that burden. They also get paid parental leave (not sure if many here have inquired whether FMLA applies to situations beyond parental leave because I find it really unfair).
thats an easy fix start a business!
If you think a 3k tax credit is equal to the income opportunity lost by having to stay home with a sick kid. Waking up every morning getting a kid up for school and packing lunch. Putting them to bed every night not being able to work overtime or pickup more hours do to child care. Please send me to your dealer for the Crack that you are smoking.
Now imagine being a single parent to multiple dependents. I don’t know how they’re making it.
I don't either and I am one. And my ex just stopped paying child support.
There are lots of programs and organizations that help single parents.
Some rely on their family and friends for help.
@@andyd9709so you’re saying single mothers are living the life because they get paid child support?
@@andyd9709 not at all. I believe you resent that single mothers get a lot of help in society. It makes sense that they do because they’re the main caregivers. If single fathers applied for benefits that they qualified for I’m sure they’d receive them.
I’m 37, single for life, and no kids. I save a lot lol
I am a 33 year old single too, never would I share my space with a man. What are you doing for a living?
Being single is less expensive if you do it correctly. Taking care of a family can be much more expensive. This has nothing to do with being single or not, but rather life choices, location and income.
exactly! i would never wanna have kids...thats like a 500K expense
Honestly, I think if you lose your job and do not have a partner or savings, that can be a stressor.
@@LA-cm9lyThe comment is thinking of children which isn't necessary for a marriage. I know a married couple who decided not to have kids and they are doing very well financially with their combined incomes. Also like you said if one person in marriage loses their job they can rely on the other's income until they get one again.
So... start saving.@@LA-cm9ly
@@LA-cm9lyI tell my boss that I have kids when I don’t. They find out you’re single with no dependents, they feel like they’re entitled to your time.
They want folks to be married so bad!
I enjoy my life balance as a single introvert with my own home where I can recharge my introvert battery. I’m not selfish. I just need to be my authentic self, even though I have to work harder.
@@P.90.603 Nah. I *am* an old lady. I live in a safe neighborhood, in a gated community, reliable local police department, and I have tazers :)
It's not safe being married and younger generations know it. Work your entire life to build security for yourself, and if one person wants to leave they can take everything you have on the way out. It's just not worth the risk of financial ruin to either male or female. People change over time, over decades.
You could always make a binding marriage contract.
Yes very true.
@@asadb1990yes that’s what I’m thinking then you come out with what you came in with
prenups and contracts are essential today.
FINALLY PEOPLE ARE TALKING ABOUT THIS!!!!
I’m so glad they are! 👍
Single people pay more in taxes. It expensive but more so if you have children. My expenses are manageable by owning everything and not having children.
Guy says him and his friends are stressed about the cost of living, while wearing a 5k gold Cartier bracelet.
Millenials in a nutshell.
I hate when the use examples that people can’t really relate to… “you make $200k and your partner makes $400k” 🙄
I said the same thing. She's was using income examples of 1 percenters. She needed to take off a 0 on both those numbers.
Being married to the wrong person is expensive.
I'm born and raised in NYC, and I've seen people move in with their significant other as soon as 2 months after they began dating, which they decided to do mostly because of expensive rents and the high cost of living. I even know of a woman who admitted that she moved in with her boyfriend sooner than she was ready to because of the rent.
Man that’s crazy
So true I also live in NYC in The Bronx what borough you live in?
As in habitually single individual, I can say that it is truly more expensive single than coupled up. From my perspective of all of my settled friends, I can say the biggest benefit of having a partner is the accountability factor. I have noticed that many of my friends who had subpar jobs comparative to me, ended up surpassing me with home ownership simply because they had a second individual to encourage them to strive for more than what they naturally was on their own and put their money together. Granted, I am financially doing well, but I have not been able to crack the home ownership ceiling just yet.
It's also very VERY peaceful
Marriage is the leading cause of divorce
Life is the leading cause of death 🤣🤣
marriage is a scam
I don’t do Roommates
it's almost as if having someone to share your life with is an advantage, who would of guessed
What is it called when Society tries to "peer pressure" you into marriage & procreation?
Being primates
I hate grocery shopping for a single person. That bag of kale - I can never finish it before it goes bad. So many items are packed in large quantities. What I can, I buy as singles and not pre-packaged but not everything can be done this way. And that putting aside that I live in HCOL and my rent by myself is insane.
You can freeze many veggies (using the blanching method, look it up) and meats. Just get ziplock freezer bags and ration the portions and freeze immediately after purchasing. It saves a ton of money.
Just blender it Allard drink it down.
I freeze most of my extra food in ziplock bags or plastic containers.
get these things caled green bags my mom buys and uses them keeps produce much fresher...lettuce and celery can be wrapped in aluminum foil last a few months no joke...
I agree with you about grocery shopping for single person. Sometimes I give something I buy that is by two for the price of one and it doesn’t make sense to buy one and not get the other free but I can’t eat all the time so I sometimes give one to my neighbor.
And some other countries, the groceries have items in smaller packages that work for singles
As a single woman at 31 I have a house and it’s been a struggle BUT I’m so at peace lol. My friends and family know my situation so we party at my house and it’s so much better than going out. We just have to be creative with saving money sometimes.
The real talking point is the MAJORITY of these people are casually "dating" and running through a myriad of "options" whilst never really being ready to make a commitment of pair bonding. Then they are labelling this lifestyle as "single"! No, single is 1, only you!
Facts. No attractive hot young women is ever truly single. She always has options.
Absurdly, there are still (married) people who refuse to acknowledge this reality. Whether you are single or married, you still have most of the the same expenses, particularly housing. Given the changing reality around marriage and children, economic penalties for single and childless people must be done away with, it's way past time.
One good thing single people don't have is the legal liability of marriage... divorces can be very costly.
This is not some made up economic 'penalty' for being single. We have 331 million Americans. You think we are going to make 331 Million houses for each individual person? How much will this cost? How much labor? Is it the government's responsibility to provide this? Since when has it become the government's responsibility to provide housing for the public? This is common sense supply and demand. The more (single) people demand housing, the higher the prices will rise. You can't escape that. Want housing prices to fall? Get married, have kids. Not only will there be less demand for housing, it will be much greener, since we won't have to create individual houses for everyone. The same old house of your parents, can be renovated and sold or renovated for the next generation, instead of making another house.
@@foreduca8099 Singles like any partners or married couples don't need housing for each person. If singles want to be economical they can always get one or more housemates or roommates.
@@TL-rh1lf That’s why prenups exist for a reason. Why would you want to split assets at the end of a marriage? When you can both decide how it’s split before getting married in a better mindset, without resentment getting in the way of divorce.
@@foreduca8099 In Canada and Europe, the government owns subsidized housing. Means the government build homes and rent them out affordably, they collect the rent and it’s another form of income for the government other then taxes. It’s also what contributes to building more subsidized homes to generate more income for the government so they fund things like our universal healthcare.
Yeah it took decades of investment and time for them to accumulate lots of subsidized homes, however in the long term it has been a good investment since they are getting a return decades later. It’s probably why America has a horrible state of homelessness, expensive healthcare costs, high taxes, a drug crisis etc because they never bothered to invest in housing.
Should it be the government’s responsibility to invest in housing? Yes because it gets people off the streets so they can contribute to society. It’s also two birds with one stone if they make money from it in the process to fund programs that contribute to society, like scholarships, food programs, universal healthcare etc.
As someone who is newly single, I miss having a partner! Helping with the bills, taking out trash upkeep on the house and just feeling overall safer. Single life is not easy as you get older.
That’s true
@@jaysouthmusic8230For men yes single life gets harder as you age. Most women outlive their husbands so they expect to be single in their twilight years
The majority of Americans find it difficult to retire comfortably due to the weakening economy. To answer the question of whether you would pay down your mortgage as you get closer to retirement or spread your assets out for income flow so you can keep your lifestyle, consider the fact that some people have absolutely no money saved for retirement.
The answer to this issue, like most investing related ones, varies. My best recommendation is to take advice management into consideration.
The importance of advisors cannot be contested, only disregarded. When my portfolio, which was wortharound $300k at the time of the covid outbreak, took a little hit in the early 2020s, reportedly as a result of the pandemic crash, I immediately sought advice from a financial expertto prevent panic- selling. As of right now, only because I properly delegated my excesses, has my account produced enormous fat dividends and leverages on seven figures.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Camille Anne Hector will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
excellent share, she seems valid. curiously copied and pasted her full name on my browser, spotted her site and glanced through her credentials, over 20 years of experience is quite remarkable
living single can be expensive when you dont live below your MEANS!!!!
Any type of living situation is expensive when you don’t live below your means
Untrue
People who refer to singleness as freedom are people who never had a partner who added value to their life
That’s alotttttt of people, which means alottttt of people are trash.
It’s ironic, if you’re young and single, living in a major metropolitan city gives you the best odds to find somebody, it’s also the same major metropolitan city that makes it so financially burdensome on single people.
Honestly, I just can't live with anybody. I love my space and my freedom. The "extra" expense is worth it if I'm at peace.
bro that black guy wearing cartier love bracelet and talking about how expensive being single is. LOL
And people with families have expensive vehicles, 10 TVs and receive $1000s from the IRS. That money from the IRS is usually gone quickly
@@Jack-pd4psstop hating on families bro
Life is tough. Love yourself and you'll give yourself the best things in life and won't settle for less. Where there is the will, there will be a way.
Single with no kids is the cheapest lifestyle you can have. All those tax breaks are negligible when you factor in all the costs of two people building a life together & inevitably adding in new people.
Don’t make a kid because it costs like $100,000 dollars from 0 to 18 years
It never made any sense to me to why a person who is single have to pay more in taxes when they have a smaller income than a two person income (w/o kids) in fact it’s stupid
Yea and this is exactly why I am sharing my living expenses with 2 other roommates as a single person living in one of the most expensive areas of Florida. You don't have to be in a relationship to save money. You can split rent other ways. Some of my coworkers are living in one bedroom apartments that cost $2.3k a month and are living paycheck to paycheck. A three bedroom apartment isn't that much more expensive, so you can save a lot more. Yea it sucks to share everything, but it helps you get out of debt and allows you to save for a down-payment way faster. It's delayed gratification.
I want a Single status stimulus check, I deserve it
Excellent choice to keep your sanity its precious ...Tyra
Housing and transportation are the two highest expenses for a single person vs. couples according to this video. If you are single and pay off your house and car, then it's not bad at all. This is my situation. I admit that it would be better to have a second income in the house, but if a relationship is not a healthy one, then it could really make my life miserable.
However, the peace of mind that comes from not having to deal with the drama of living another person is priceless. I wouldn't change it for ANYTHING.
My guy and I live separately and I ❤ it!
@@P.90.603 Thanks for your assessment of my situation. 👍
Im single, no kids, no husband, im poor but u know what would make me even poorer being a single mother and chasing a baby daddy around for $200 in child support.
Gee that's a good point
Whew!! Say it again
It’s a shame that some fathers don’t want to be responsible for their children, if I was a father, I’d want to take care of my children, both with money and with actually being there, playing with them helping with some chores, earning money for the other things.
The fathers that don’t want responsibility further children are missing out on seeing their children grow up.
Single people need to form a lobby or vote for politicians that represent their interest.
This is very intelligent thinking.
I agree.
I thankfully do well as a single person but I think am better than my friends who live with partners because they are all financial illeterates and overspend. Like i can't slip up as a single person because it all falls on me but even with all of that, i wouldn't trade it. I would date someone that can afford to not need to move in with me.
The title of this video should be "Why living alone is so expensive in the U.S". Almost the entire cost premium is attributable to housing. If you get one roommate, you've already erased the difference. Get 2 roommates and now you're doing better than a couple living together.
Sounds like everyone just needs a roommate?
Roommates have saved me so much money over the years
I’d rather pay more being single than to have an unpleasant companion/roommate who refuses to help, work, communicate, or move out.
Don’t think they should put it as being single is more expensive. It’s more so that living alone is more expensive. Having roommates can be just as cost effective as living with a partner.
Edit: Initial comment is not trying to debate one’s personal preference to pros and cons of having a roommate vs partner outside of the financial aspect.
Who wants to live with a stranger? No thanks. More trouble than it’s worth
@@GoogleAccount00 Doesn’t have to be a stranger. Could be a close friend, a family member, etc.
🤦🏾♂️ They spent 4 min talking about benefits you won’t get with a roommate vs a marriage. They didn’t even hit on everything. Sure a roommate could be just as cost effective depending on where you are in life n what you want to do, but it’s rare, and it’s usually because you are limiting yourself to possibilities… Laws have to be changed
@@busam1578 Sure pros and cons to both, but at the end of the day it’s not more expensive than the other if you’re smart about it.
Yes, I didn’t think they were going to take the marital status approach. I think it is “living single” that can be more expensive.