The financial benefits of cohabitation play a role in how people live in the US. About 2/3 of people who have moved in with a romantic partner say finances and logistics contributed to their decision and the share is even higher for younger couples.
And while the decision can help one’s pocketbook 10 of those that moved with a romantic partner later regretted the decision according to a survey of more than 3000 consumers conducted by HarrisX, a polling firm for realtor.com.
Sharing costs has a huge benefit
In theory, the cost per person is halved as there are many expenses which are shared.
Rent, lights and water, rates and taxes, transport, TV, Kitchen utensils, furniture etc…
Considering that if one were on their own they would have to spend money on these items for themselves only, The survey found that couples saved around $1000 per month.
It must be more about something other than the money
When analysing the research it is apparent that moving in together is not all about the money. Relationships definitely hold the key to successful cohabitation. As the research shows 48% didn’t work out:
So living together is a challenge which needs to be well thought through. Whilst the financial benefits are very real the relationship will still be tested to the point where the money doesn’t matter anymore.