the secret advantage

by rantywoman

I told myself I wouldn’t immediately begin dreaming of retirement after starting back to work, but here I am, dreaming again. I suppose, like the protagonist in Lolly Willowes, I want to stop having to do, do, do.

Helpful information here:

To answer Diane’s question, no, you can’t just take the numbers for couples and divide by two. That’s because singles don’t have the same opportunities to share costs for things like accommodation, vehicles, and running a household. The fact is, singles will have to save more for retirement on a per-person basis than retirees who can split the load with a partner.

But before you get too depressed, many singles do have a secret advantage that tends to level the playing field. If they’re not raising children, they have far more opportunities to save during their 30s and 40s, when couples are typically up to their necks in dirty diapers, daycare costs and monster mortgages.