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The 'singles tax' means you often pay more for going it alone. Here's how it works

Summary by Phys.org
Heard of the "singles tax?" Going it alone can also come with a hidden financial burden you may not be aware of.

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Have you ever heard of the “singles tax”? If you decide to do it on your own, you can also have a hidden financial burden that you may not be aware of. Obviously, it is not an official tax that is paid to someone in particular. It simply refers to the higher costs that singles face compared to couples or families.What is the singles tax that people living alone have to pay?One-person households have been on the rise. People get married later, di…

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The Conversation broke the news in on Sunday, January 26, 2025.
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