Brits living alone estimate they need 31.5k a year to cover essentials, study finds | Personal Finance

Brits living alone estimate they need 31.5k a year to cover essentials, study finds | Personal Finance | Finance [Video]

Community centre manager addresses hygiene poverty in UK

Adults living alone estimate they need an annual income of at least £31,536 to cover their outgoings, and still be able to afford essentials such as food, clothes, and hygiene products, a study has found. But with the UK’s average salary of £29,669 falling somewhat short of this, many feel they are being pushed ever closer to hygiene poverty.

The survey of 2,000 people has revealed the scale of the cost-of-living crisis, with one in four singletons struggling to make ends meet in the current financial climate.

As a result, 56 percent of those have had to make difficult decisions – such as choosing between paying their rent, or buying food or hygiene items.

More than half (52 percent) of this same demographic have had to stop socialising, and 14 percent have even gone without everyday items, like toilet roll or period products.

However, the impact is not just being …

Tags Entrepreneur, Finance, Finance Tips, Success