Much of the cost of living crisis has focused on how the financial squeeze will affect millions of households across the country, however, new research from Ocean Finance has uncovered that single people are paying on average an additional £7,564.50 more every year than their coupled-up counterparts.
Breaking down the data from the Office for National Statistics (ONS) even further, people living on their own are paying around £630 more in total for food, eating out, energy and utility bills and housing costs.
Ocean Finance analysed the average cost of housing, utility bills, broadband services, a TV licence and Council Tax to discover UK singles are shelling out an extra £363 every month, as they’re unable to split costs with a partner.
