Being single is getting more expensive than ever

By Erin Lowry

07 Nov 2022 · 3 min read

Editor's Note

From tax breaks to shared earnings, married people enjoy 'couple privilege' and benefit financially from a society set up for twosomes. Bloomberg explains why the so-called tax on singles is growing.

It took 16 months to pay off my husband's student loans after we got married. It's a feat that he couldn't have accomplished as a single person. There wouldn't have been enough time in a day to work a full-time job and a side hustle, and handle the tedious tasks of laundry, cooking, cleaning and general adulthood without some level of additional support.

As a cohabiting couple, we split household responsibilities and were each able to pick up the slack when the other hit a busy season. Bills were shared and once we were married, our joint financial powers enabled us to aggressively pay off debt while also living a balanced life. As a self-employed person, I reaped the benefits of my husband's high-quality and low-cost health insurance.

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