Single or Not? A Commercial Dilemma
A report out today says that thanks to soaring fuel and food prices, inflation is now at its highest level in almost six years. Managing these rising costs on two salaries is hard work; handling them when you've only got one income coming in is even harder.
Statistics show by 2020 40% of UK households will be home to singletons. Yet singletons are often overlooked by financial services providers amongst others and many find that being single can work out more expensive than being in a couple. According to a high street bank spokesman, financing a single life costs almost as much as for a couple!
It found that someone living alone with a £140,000 mortgage and earning £35,000-a-year can expect to spend £1,185 a month. That's only £60 less than a couple would expect to spend.
It’s been calculated that this extra cost of living tots up to £266,000 over a lifetime. While other studies have shown that single people get the short end of the wedge when it comes to all sorts of things, from being expected to work longer hours - for no additional pay - to discrimination when it comes to everything from tax breaks to credit card applications, hotel room booking and even car insurance.
Quite simply, there is the straightforward lack of an additional income and the economies of scale that you just don't get when you're not in a couple.
Whilst we’re certainly not advocating pairing up with just anyone or to putting up with the wrong one for you, spare a thought next time you’re feeling peeved at him watching the football or at her insisting on another yet Sunday afternoon shopping trip!
Happy Dating!
Statistics show by 2020 40% of UK households will be home to singletons. Yet singletons are often overlooked by financial services providers amongst others and many find that being single can work out more expensive than being in a couple. According to a high street bank spokesman, financing a single life costs almost as much as for a couple!
It found that someone living alone with a £140,000 mortgage and earning £35,000-a-year can expect to spend £1,185 a month. That's only £60 less than a couple would expect to spend.
It’s been calculated that this extra cost of living tots up to £266,000 over a lifetime. While other studies have shown that single people get the short end of the wedge when it comes to all sorts of things, from being expected to work longer hours - for no additional pay - to discrimination when it comes to everything from tax breaks to credit card applications, hotel room booking and even car insurance.
Quite simply, there is the straightforward lack of an additional income and the economies of scale that you just don't get when you're not in a couple.
Whilst we’re certainly not advocating pairing up with just anyone or to putting up with the wrong one for you, spare a thought next time you’re feeling peeved at him watching the football or at her insisting on another yet Sunday afternoon shopping trip!
Happy Dating!
posted by TopMatch International at
20:33
2 Comments:
Tell me about it! Since the credit crunch hit, my expenses have almost doubled! I'll be in touch asap to talk about signing up and under the circumstances may be willing to compromise a little! :)
By
Anonymous, At
Thursday, 17 July, 2008
Me too!
By
David S, At
Thursday, 17 July, 2008
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