MPR News with Angela Davis

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

a 20-dollar bill peeking out from a wallet
While living solo can offer flexibility and independence, singles often face higher costs for housing, healthcare and daily expenses.
Justin Sullivan | Getty Images

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?

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.

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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