45% of People in a Relationship Think They’d Be Better off Single

Survey reveals almost half of people with a partner believe they’d be wealthier alone.

If you’ve ever told your other half that they’re more trouble than they’re worth, you may not have been entirely in the wrong. TotallyMoney.com asked a total of 600 participants split by relationship status whether they thought they’d be financially better off alone or in a relationship. A whopping 45.4% of people in a relationship answered yes.

Despite the high cost of living alone and of shouldering bills, rent and mortgages solo, almost half of the 300 “loved up” individuals asked by TotallyMoney.com claimed they’d be richer as singletons.

Both gender and age played a big part in the answers to the survey. Men were much more likely to believe that they’d have more money as bachelors. Women were more likely to think they were better off where they are:

  • 52% of men in a relationship believe they’d be richer as bachelors
  • 61% of women in a relationship think they’d be financially better off as they are.
  • Age affected the results as it was largely middle-aged people (35-44) who answered Yes.
  • Ironically, 68% of Single People Don’t Think They’d Be Wealthier In a Relationship

But are men really still spending more money on women than women are on men in the 21st century? Can the stereotypes really be true? Well that’s where age comes in…

Middle-aged men were much more likely to claim they’d be wealthier flying solo, with 68.8% of male 35-44 year olds claiming singledom would be more cost-effective. In the 24-35 age group, 48.8% of male respondents believed they would be richer as singletons.

Perhaps the grass is greener on the other side. While those of us with a better half spend money on dates, getaways, weddings and birthday gifts, single people face the burden of shouldering food bills, energy bills, petrol and rent alone. Yet, in reality, the 300 single people polled in the survey seemed oblivious to these extra costs. 68.2% of singles claimed that they felt a relationship would cost them more money, not less.

The revealing survey was undertaken to celebrate the launch of TotallyMoney.com’s new quiz: ‘Are You Richer Single or In a Relationship?.

Answer a few simple questions about your spending habits and the interactive tool will work out exactly how much better off you are financially in a relationship versus as a singleton. Your results will give you the cold, hard facts in a handy infographic and tell you how much you’d save as a couple or a singleton in yearly net worth.

So does being in love cost too much? Or should we all feel heartened that, despite the perceived price of a relationship, so many of us as still happily loved up?

ENDS

Notes to Editors:

TotallyMoney.com, launched in 2007, is the UK’s leading credit-focussed comparison website which sets out to make it simpler for consumers to compare credit cards, loans and mortgages. With a revolutionary approach to credit comparison, TotallyMoney.com uses exceptional comparison tools to empower people to make better financial choices.

This survey was carried out using Google Consumer Surveys between 27/08/2014 and 01/09/2014 using data from a total of 600 participants split 50/50 as being identified as Single or In a Long Term Relationship (6+ Months).

You can see the full survey results at:
Long-Term Relationship Survey Results:
http://www.google.com/insights/consumersurveys/view?survey=n7osmdiotsqwu

Single Survey Results:
http://www.google.com/insights/consumersurveys/view?survey=zkelqw66rfpuw

For more information, such as an embeddable version of the TotallyMoney.com relationship quiz please contact Pete Campbell at pcampbell@totallymoney.com

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