DINK (Dual Income No Kids) is a term taking over. More and more couples are choosing this lifestyle (if that’s what you want to call it)
The term was first dubbed in the 80’s but is making a comeback now that many people are choosing (or not giving the opportunity) to have kids.
In Canada, most estimates peg the average cost of raising a child each year until the age of 18 in the range of $10,000 to $15,000 — a price tag that many young adults can’t or simply don’t want to bear.
Women’s participation in the workforce has only increased since then, with more women taking up full-time jobs that require “major time commitment,” which is likely one of the main factors in people choosing to be childfree or delaying parenthood today.
COVID-19, which “threw us all for a loop,” is also a contributing factor. Canada’s fertility rate reached a record low of 1.40 children per woman in 2020, the same year the global pandemic was declared, according to Statistics Canada.
There are other factors likely at play today such as the cost of housing being out of reach for many, high inflation rates and more people turning to fertility clinics in their late 30s and early 40s.
Some people just don’t want kids. Not to say having a dual income gives you more freedom these days. It makes it easier to pay bills but personally for me, there’s no way we could raise children the way we would want to with our income.
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