Many Canadians are embracing the dual income, no kids (DINK) lifestyle, a term that was coined in the 1980s and is making a resurgence as a result of economic and societal conditions.
Your-Money 20230418 Sovereign Norris, right, and her partner Ryan are seen in an undated handout photo. The Generation Z couple is among many Canadians embracing the dual income, no kids lifestyle, a term that was coined in the 1980s and is making a resurgence as a result of economic and societal conditions.
DINKs have more disposable income compared with couples who live together and spend their money on raising children. “In Vancouver, we live downtown, but we can go to a nearby island, we can go to an Airbnb and we can invest and not feel like we're behind in life,” said Norris.Don Kerr, a demographer who teaches at Kings University College at Western University, said part of the reason people were putting off having kids or forgoing parenthood altogether in the `80s was that more women were entering the workforce in Canada.
There are other factors likely at play today, Kerr pointed out, 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. “And so who are we speaking of? We're talking about young adults leaving high school or college or university, as well as new Canadians.”
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