North East Couples Moving In To Save Money

20 February 2014, 07:26

Couples in the North East are feeling forced to move in with each other sooner than anticipated to save money and not because they want to.

New research from Confused.com reveals that nearly half (49%) of couples in the region admit that they moved in with their other half a lot sooner than they planned.

And nearly a quarter (24%) say they felt forced to live with their other half.

The research also shows couples appear to be thinking with their head, instead of their heart, with more than one in five (21%) people admitting to having moved in with their partner due to financial reasons.

And with the house prices rising, 7% of couples admitted that they moved in together as they couldn’t afford to buy separately, and nearly one in 10 (9%) said they wanted to save money to buy their own property.

3% of couples even blamed peer pressure for choosing to live with their partners, as they admitted that all their friends were already living with their other halves.

Gareth Lane, Head of Home Insurance at Confused.com says:
“The research clearly shows that living together is a popular choice for many couples, with practicality seeming to be a key driving force behind the decision.

Many people appear to be moving in with their partners sooner than they anticipated to help with the costs of living and future financial plans."

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