https://www.crresearch.com/the-high-price-of-being-single
Interesting read imo. Comparing money/income/wealth for single and married people.
My experience, as a single and mgtow person for 3 years now. Is that it's much better for my person wealth.
I do notice, that the things I buy (especially like tickets, hotel, etc.) are more expensive (on a per person basis) then when I was together.
Now they compare single with married people. Thus this includes women. And I think that if they would filter out the women; that some of the postive financial effects for single people are even more so for single men.
To summarize some of the data in it:
- Do single people earn less (as is often stated)?
In reality not so, because the MSM always forgets to calculate it on per person/per capita basis. And sees/counts married people as just 1 person.
To quote: " The median income for general population (gen pop) households (aka 2 people) was $90,500, while the median among singles (aka 1 person) was $72,300."
The majority (60%+) of gen pop households include two earners, so on per capita/person basis singles are actually earning more - significantly more - than married people.
I think.
This I think is because of the married women not working much (as single ones) and often having parttime/side kick type of income/work.
And also I think, it's because old people are over representated in the married group. And retired old people usualy have lower earning (and higher worth/savings).
Probably I think, there might not be so much difference in income between married and single men nowadays. It's probably pretty equal overall.
- Do single people have Lower Net Worth/Wealth?
The article says: " gen pop households were significantly more likely than singles to report a positive net worth."
This seems like to me, the writer here forgets (or can't) to again (as happens often) calculate it on a per capita/person basis. Because the net worth of a married household, is in concept 50% per person (in reality more like, 75% hers and 25% his (in divorce), orso).
Why do singles have less Net Worth?
This doesn't add up in the article much. The writer thinks it might be because of unfavourable taxation and welfare and so on (which I think is also a true factor)
The hard data is this, so that doesn't add up much as it looks:
- single people earn more (on a per person/capita basis) the married ones
- single people spend a lower share of their income (for men it's probably much more less/lower then for women)
- single people are saving and investing more than married people (for men it's probably much more saving and investing then for women)
- single people are more quickly eliminating debt (for men it's probably much more less/lower then for women)
With these above 4 points.
How the hell would it be possible for a single person to have less Net Worth?
My own idea is. That probably in the group of married people. There is an over representation of old people (65+).
On average, old people have more Net Wealth (because they have had the opportunity to save longer, could profit from increasing house prices, could profit from a massive stockmarket rise in the last 50 years, inherit money from their parents).
[–]Gracket_Material3 points4 points5 points (0 children) | Copy Link
[–]I-am-the-lul1 point2 points3 points (0 children) | Copy Link
[–]hellrete-1 points0 points1 point (0 children) | Copy Link