Living Single: Redefining the Traditional Household Structure

Living Single HOW SINGLES ARE REDEFINING THE TRADITIONAL HOUSEHOLD STRUCTURE The rise of financially liberated and positive singles in the UK has implications for home buying. Where are all these singles going to live? Singles living in multiple occupant shared homes, or MOSHers, are reshaping the traditional household and how friends handle finances together. Desire VS. Reality of Owning a Home as a Singleton Friends Turning to Friends MOSHers are finding new ways to become property owners. They're looking to their mates to potentially buy a property with. Singles who don't own a home are tired of wasting money on rent, though many fear they won't ever be property owners. 57% of MOSHers have A FRIEND they trust enough to buy a house with. 30% 59% 65% of singles worry that they of MOSHers have MULTIPLE MATES say that owning a home would greatly improve their quality of life. they would buy property with. will never be able to purchase a property. Younger Singles More Likely to Dive In Insuring a Mate Young people are more likely to dive into home ownership with friends, suggesting the practice will become more mainstream. As more MOSHers enter into home ownership together, the dynamic of friendships and finances changes. They will call for more companies to recognise their type of arrangement. 64% of singles AGED 18-24 say they have friends they trust enough to buy a house with. 47% of adults OVER AGE 55 59% of singles would consider COMPARED TO say they have friends they trust enough to buy a house with. insuring a friend's life if they bought a house together. SOURCE: 2,000 SINGLE UK ADULTS WERE INTERVIEWED, FIELDWORK WAS CONDUCTED 20-24 APRIL 2012. THE RESEARCH WAS CARRIED OUT ONLINE BY FUTURE POLL FOR CONFUSED.COM. Confused.com