June 25, 2017 Disclaimer: Please read.
Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.
Are Single People Getting Financially Screwed?
Posted on Jan 15, 2013
Being unmarried in America doesn’t come cheap, as Lisa Arnold and Christina Campbell demonstrate for The Atlantic. The two women, who run Onely.org—a site that focuses on modern American single life—wanted to figure out how much more single women paid over the course of their lifetime compared with their married counterparts for things such as taxes, health care and housing.
What they discovered is somewhat shocking: Singles can pay as much as $1 million more than those who are married, simply because of their marital status. It’s a subject worth talking about not just because more and more people are choosing to stay single, but because a majority of the states in the U.S. expressly prohibit same-sex couples from even getting married.
Here’s a little background: “U.S. Federal Code Title 5 Part III says: The President may prescribe rules which shall prohibit ... discrimination because of marital status. Yet more than 1,000 laws provide overt legal or financial benefits to married couples,” Arnold and Campbell write. “The U.S. government is the main perpetrator, but private companies follow its lead. Thus marital privilege pervades nearly every facet of our lives. Insurance policies—ranging from health, to life, to home, to car—cost more, on average, for unmarried people compared to those who are married.”
These discriminatory policies, Arnold and Campbell say, were initially created and continue to exist in order to encourage people to get married, because the institution is still seen largely as a “social good.”
“Some have suggested that marriage makes people healthier and happier,” they write, “but critics such as Dr. Bella DePaulo have pointed out that most studies show that, in the long term, there is little to no difference between married and single people in terms of health, happiness, or personal responsibility.”
Arnold and Campbell say they have no desire themselves to ever wed, and they wanted to figure out how much their lifestyle choice would cost them over a lifetime. Here’s what they based their calculations on:
Then, they examined categories in which government and corporate policies have “institutionalized discrimination” against singles, including income taxes, Social Security and IRAs. Arnold and Campbell also looked at ones not subject to official institutional discrimination, such as health spending and housing, which they argue single people are forced to expend more of their resources on than married people by necessity.
After doing a lot of number crunching, here’s what the pair discovered:
Based on these calculations, Campbell and Arnold figured out that a single woman could pay as little as $484,368 or as much as $1,022,096 over the course of a lifetime because of her relationship status.
According to the authors, the final takeaway is this: No matter how you do the math, “Singles get screwed.”
—Posted by Tracy Bloom.
Banner, End of Story, Desktop
Banner, End of Story, Mobile
Watch a selection of Wibbitz videos based on Truthdig stories:
New and Improved Comments
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide