A significant number of young adults, particularly those aged 18 to 40, are opting to cohabitate due to rising living expenses. According to a new survey by OneFamily, 21% of respondents have made this decision. The research also reveals that single individuals are at a financial disadvantage, with many lacking an emergency fund. 29% of single young adults do not have savings set aside for emergencies, contrasting with 16% of coupled individuals. On average, single young adults save 301 per month, which is substantially less than the 609 saved by couples, indicating financial strain among singles.
One in five young adults, aged 18 to 40, are choosing to live with a partner primarily to make living costs more affordable, a new survey by Lifetime Isa provider OneFamily has found.
Nearly three in 10 (29 per cent) young adults surveyed who are single do not have an emergency fund, compared with one in six (16 per cent) people in a relationship.
Single savers put aside an average of 301 per month, roughly half the 609 saved by those in a relationship.
These stats are shocking, people are potentially staying in unhappy relationships because the bills are too high to contribute separately.
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