One in four 'dinks' were spending their disposable income on travel, rather than saving for parenthood or homeownership – according to research by Hotels.com
– Double Income Couples with No Kids – are prioritising seeing the world over more traditional milestones of adulthood. Almost two thirds of people surveyed said that they haven’t had children yet because they prefer having more disposable income to spend on things they enjoy; more than one in four said this extra money goes on travel.house prices
have spiralled over the years, with the average cost of a home in the UK now at £260,828, according to Nationwide, while interest rates have climbed 14 consecutive times since December 2021. Meanwhile, the cost of having children is staggering, with theputting it at £150,000 for a couple and over £200,000 for a single parent.
James Smeeton, 27, had saved £11,000 in a Help to Buy Isa, which he set up when he was 17, and a Lifetime Isa, but last year he decided that he would use the funds to travel with his girlfriend. Starting in Fiji in October before moving across toJames Smeeton used the money in his Help to Buy Isa to go travelling
“I was saving for a house but it became increasingly prevalent that it’s not worth it,” says Smeeton, who works as a fundraising officer at Tree Aid. “We would need a deposit and it would still take significant chunks of time to be able to get to the point of buying, and this is more fulfilling than owning a house. We already made the decision before the mortgage rises but it has cemented the decision. Also, I work in eco travel and I’m worried about [where I’ll be able to travel in the futureZoe Ashbridge, 33, from Shropshire, is currently travelling around the world with her partner Stewart – on bikes.
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