Money Box Live: Does Being Single Cost You More?
The number of people living alone is growing, but research suggests singles are more likely to be overdrawn at the end of the month, and have smaller pension pots.
More people are living alone, in fact 3 in 10 households are made up of single adults, according to the latest government figures.
Research from the pension specialist Royal London also suggests single people are more likely to be in their overdrafts at the end of the month and have smaller savings and pension pots than married couples.
Today, we're looking at the impact of the single supplement, from travel costs to inheritance tax thresholds as well as hearing from those very much enjoying their financial freedom.
Joining presenter Felicity Hannah is Sarah Pennells, Consumer Finance specialist at Royal London and Laura Suter, Director of Personal Finance at the investment platform AJ Bell.
Presenter: Felicity Hannah
Producers: Sarah Rogers and Helen Ledwick
Editor: Jess Quayle
(This episode was first broadcast on at 3pm on Wednesday the 25th of June 2025 ).
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