Younger adults staying in relationships to make residing prices inexpensive

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Your help makes all of the distinction. Learn extra One in 5 younger adults, aged 18 to 40, are selecting to reside with a companion primarily to make residing prices extra inexpensive, a brand new survey by Lifetime Isa supplier OneFamily has discovered.

Some 21 per cent of these surveyed reported making this resolution.

The analysis additionally highlights a big monetary disparity, with single people much less prone to have an emergency monetary cushion in comparison with {couples}.

Practically three in 10 (29 per cent) single younger adults lack an emergency fund, in contrast with simply 16 per cent of these in a relationship.

Moreover, single savers put apart a median of £301 monthly – roughly half the £609 saved by these in a relationship.

This underscores the elevated monetary pressure usually confronted by single folks in managing day-to-day residing prices.

<img src="https://static.independent.co.uk/2025/05/02/08/30150504-1f6d710d-b179-4a77-8b5b-c3ac2e12099e.jpg" srcset="https://static.independent.co.uk/2025/05/02/08/30150504-1f6d710d-b179-4a77-8b5b-c3ac2e12099e.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/05/02/08/30150504-1f6d710d-b179-4a77-8b5b-c3ac2e12099e.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="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" class="sc-1mc30lb-0 ggpMaE"/> Practically three in 10 (29 per cent) younger adults surveyed who're single do not need an emergency fund, in contrast with one in six (16 per cent) folks in a relationship (Alamy/PA) OneFamily CEO Jim Islam mentioned: “These stats are surprising, individuals are probably staying in sad relationships as a result of the payments are too excessive to ponder managing on their very own.

“It’s a tax on being single, made worse by the rising prices of payments.”

Mr Islam, added: “Monetary independence is essential, because it allows freedom. It must be one thing that's talked about in colleges alongside good financial savings habits.”

He mentioned that “constructing a financial savings pot completely helps monetary resilience, which suggests much less vulnerability to the ups and downs of life”.

The monetary firm’s report quoted 36-year-old Chris Singleton, who lives in Leeds together with his companion Emma however had beforehand been renting by himself lately.

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Mr Singleton mentioned: “Now we’re each contributing to our financial savings pot, it’s a shared factor. For the time being our precedence is saving to journey. Our subsequent vacation is in September this 12 months and we’re additionally hoping to purchase an outdated van to transform it.”