Single people in Leeds are suffering from more of a financial strain than their loved up counterparts, according to new research.
A study by TopCashback.co.uk found that 77 per cent of single residents in Yorkshire and the Humber think it costs more to go it alone than it does to be in a relationship. The same percentage also think they would pay less in rent or mortgage costs if they were living with a partner.
Those in a relationship seem to agree, with 71 per cent saying they are getting the better deal financially and 60 per cent saying they would expect to pay more in housing costs if they were single.
Natasha Rachel Smith, consumer affairs editor for TopCashback said: “Despite recent news reporting those in relationships are worse off, our research blows that claim out of the water. Single people are feeling the strain of being on their own and of course that makes natural sense. Living costs can be crippling for single Brits whereas sharing the burden can massively ease finances. Those in relationships openly admit they’d expect to pay more if they were single.
“There is in fact such a juxtaposition between the financial circumstances of solos and duos that some couples stay in unhappy or unhealthy relationships because they believe they can’t afford the day-to-day bills they’d need to take care of fully if they were alone. Dating also proves to be a hefty cost for singletons, with those who are actively dating spending up to £200 a month on everything from subscriptions for dating sites to footing the outing’s bill.”
Eighty-five per cent of singletons think the cost of dating is more expensive than the cost of being part of a couple, with some respondents saying they were spending up to £200 a month on finding their perfect partner compared to £500 a year on gifts and dates once you’re in a relationship.
Couples also have help when money is tight, with 41 per cent saying they rely on their partner for financial support.