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UK singles feel they are financially penalised

Over a third of singletons believe they&#39re penalised financially, research from cahoot has revealed.

Monthly outgoings for a single person can be as high as those for a couple who have the advantage of sharing household bills.

A single person only benefits from slightly lower food bills and a 25% discount on Council Tax.

Singletons in the 35-54 year old age group are more convinced than the younger generation that they&#39re getting a financial raw deal. Over half say they are being penalised financially. Younger singles are less worried – only 28% believe they are being punished.

The influence of single people in society is set to grow as the number of people living alone is on the increase. Official statistics show that by 2020, one-person households will make up 40% of the total.

Deborah Cutler, marketing director at cahoot, says: “Being single can be a huge burden, with mortgage repayments and bills costing roughly the same as for a couple and holidays costing more, with single supplements.”

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