The economics of being single: the financial trade-offs of living solo

Nearly half of adults are single today, and many aren’t in a rush to couple up.

Living solo is becoming more common, bringing a mix of freedoms and financial challenges. 

While living solo can offer flexibility and independence, singles often face higher costs for housing, healthcare and daily expenses.

What does it look like to thrive as a single person today?

Coming up at 9 a.m. on Monday, MPR News guest host Catharine Richert talks with a behavioral economist about how singles are rethinking their finances and redefining the way they live in a world that seems like it’s catered to couples.

And we want to hear from you, our listeners.

Are you single? How do you navigate your finances as a single person? 

Call us during the 9 a.m. hour at 651-227-6000 or 800-242-2828.

Guest:

• Peter McGraw is a behavioral economist and the author of “Solo: Building a Remarkable Life of Your Own” and host of the podcast Solo, that celebrates single living. He is also a professor of marketing and psychology at the University of Colorado Boulder.

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