It’s cheaper to keep her.
March turned out to be the month of breakups, according to the viral “March theory” — which in turn cost single people thousands of dollars.
In data analyzed by the finance app Frich, the average cost of a breakup for Gen Z is $3,862. This cost was determined by tallying up expenses such as housing, travel, dating, and post-breakup spending.
Seeking out some retail therapy, having maybe one too many nights out, and engaging in other extreme behavior while heartbroken all contributed to the shock factor of post-breakup expenses, according to the study.
To get more specific, the data revealed that 34% of Gen Zers who wanted to quickly move on from their breakup were willing to spend, on average $131 on a date.
A single girl’s night out cost 20% of the studied group on average, a little over $92.
Sometimes the best post-breakup medicine is saying YOLO and booking a week-long trip to have a nice change of scenery. Of those Zoomers who chose this route — 20% of them admitted to spending $1,991 on this type of vacation.
And a small percentage of people — only 18% — chose to go the more affordable route by taking a workout class or getting a haircut, which could cost up to around $100.
In addition to the impulsive spending newly single people will often do, taking on the monthly expense of rent as a solo person can also do some serious damage to a person’s bank account.
It’s a known fact that many couples move in together to save on rent.
The research indicated that 18% of Gen Z stayed in not great relationships — and 39% would move in with a partner even if they weren’t ready for that next step — to avoid paying higher rent by living alone.
Couples in Manhattan can save more than $50,000 by sharing a one-bedroom, rather than living alone.
And the city’s singles tax is 40% higher than it was three years ago.
The sad reality is that a person who has been splitting rent with a significant other for some time, might not have the financial means or resources to suddenly live on their own.
“Breaking up isn’t just an emotional upheaval: it’s a financial reset,” said Aleksandra Medina, CPO and Co-Founder of Frich.
“When you’ve shared a life (and a lease), the transition can feel overwhelming, from moving costs to rebalancing a solo budget,” Medina added.
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