Investing and Retirement

Tips for Saving When You’re Single

Being single puts you in the driver’s seat of managing your money and your free time, but it comes with its challenges, too. You don’t have the benefit of a second salary, and your retirement savings may not accumulate as quickly as the average two-salary household. In fact, only 43 percent of single men and 42 percent of single women have any retirement savings built up, compared to 65 percent of people who are married or live with a partner.1

Follow the paths below to short-term and long-term solutions for balancing smart spending with thoughtful saving to set yourself up for financial success.

Tips for Saving When You’re Single

Don't face your future alone

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1 “The State of American Retirement,” March 3, 2016, Economic Policy Institute

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