Childfree Millennials Fuel Rise of High-Earning DINK Households
-
DINK (double income, no kids) households have the highest median net worth ($399k) of any family structure.
-
Childfree millennials and Gen Z are less likely to have kids, contributing to the rise of DINKs.
-
The cost of raising a child is high ($310k), allowing DINKs more money to spend and save.
-
DINKs benefited from pandemic conditions like working from home and reduced spending.
-
More women are choosing single parenthood, boosting their economic prospects versus the past.