Fertility rates have been declining in the U.S. and there is a growing share of adults in the U.S. that don’t plan to have children
But as much as Gen-Zers and millennials are embracing the word “DINKs,” they didn’t come up with the term. Boomers have been using it for decades, as noted in‘Living: Here Come the DINKs.’ The piece points to the cost of raising a child to age 18 as almost $100,000 at the time. That number is now closer to $310,000, according to Brookings Institution analysis of data from the U.S. Agriculture Department.
Bryden and her husband haven’t decided to splurge on expensive bags or luxurious trips with their sizable dual incomes. Instead, they’ve decided to live off of one income, and completely save and invest the other. “Having dual income and no kids is the perfect opportunity to use your discretionary income to save or invest,” says Bryden.
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