What is the singles tax?

by

Ed.

From www.abc.net.au: The term “singles tax” describes the additional financial burden single individuals face compared to those in couples, resulting from higher living costs due to the inability to share expenses like rent and utilities.

Data from the Australian Bureau of Statistics indicates that single households spend significantly more per month on living costs than those in relationships, amounting to an annual difference of nearly $7,691.

Factors contributing to the singles tax include higher grocery bills, travel costs, and the inability to split housing expenses, all of which make financial stability more challenging for single individuals.

Filed under: Tax - Individuals

Leave a Comment