Double-Income No-Kid (DINK)
Double/ Dual-Income No-Kid (DINK) refers to a relationship status where the couple are both employed and earning a salary but have yet to have children. DINK became popular during the early 1970s as young urban professionals sacrificed traditional family roles for the luxury of being in a relationship without children. Today DINK is becoming even more popular as personal goals and achievements take over the lives of young couples. The increasing cost of raising children has also played a part in the rise of DINK couples.
The Rising Cost of Raising Children
According to the United States Department of Agriculture, a middle-income couple with two kids will spend about $233,610 from the time they were born in 2015 to the time they are 18 years. The shock is that the figure does not include college expenses. The average cost of raising a child is between $12,350 and $14,000 a year. Housing accounts for the largest expense for the middle-income family taking up an average of 29% of the cost. Food and consumables come in second, while child care which costs approximately $37,378 ranks third. Despite the high cost of diapers, children are less expensive when younger. While the cost of education and healthcare are higher for children below the age of six, they often dissipate as children grow older and join school full time. However, the cost of clothing, health care, food, and transportation all rise as children grow. The average cost of feeding a 15-17-year-old was estimated at $2,790 annually. The cost of transportation was weighed heavily on the family budget, but a large proportion is linked to the cost of gas.
The Rise in DINK Couples
According to the US Department of labor, women accounted for 35% of the labor force while only 10% of women had degrees. Today, more women are receiving equal education as men in several parts of the world. Dual-career partnership is on the rise, and the number of people who meet their spouse in the workplace is also on the rise. In the US 30% of couples are employed, while Canada is even higher at 70%. While in the past many women remained at home, many women today work outside the home after marriage. A survey conducted in India revealed that a couple without children spend more time in their work, are more focused on pursuing their career, and spend more money on luxurious goods than a couple with children. In a society where neither party feels obligated to end their career to raise children, more couples are preferring the Dual-Income No-Kid status.
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