Many Americans are used to paying extra for things that are out of their control, such as the “pink tax” on products with a traditionally feminine aesthetic and the “tall tax” on larger clothing.
According to the Forbes Advisor report, 93% of single Americans feel the burden of the so-called “singles tax.”
As with most stories of financial difficulties facing typical Americans, inflation stands to exacerbate matters here. Specifically, 59% of the Forbes Advisor respondents say that inflation has made the singles tax even worse than it already was.
Dividing expenses is a significant factor, as multi-income households will likely spend a smaller percentage of their take-home pay on ordinary expenses.
The single adult life can be incredibly fun, with a degree of independence that most others can only dream of. However, that independence comes at a cost.