Help single clients plan

More than half of the adult population of America is single, reports Bloomberg.

There are currently 124.6 million single Americans. Of those, 20.4% have never married, while those who have been widowed, separated or divorced make up 19.8%, says Bloomberg. Their finances differ significantly from their coupled counterparts.

For instance, they’re more likely to rent than to own a home, they’re less likely to have children, and they generally have fewer expenses than those with kids. Unfortunately, they also have less purchasing—and saving—power without a second income to depend on.

Read more here.

And for more on how to meet your single clients’ financial needs:

Priorities of single clients

Pre-retirement clients may need a reality check

Help a widow sell her business

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.