One variant of the DINK is the DINKWAD , double income couples without kids — but with a dog.
AdvertisementAdvertisement"Some of those savings might ripple into an accumulation and increase in net worth," Heggeness said.
What's more, the cost of raising one child to their high school years is estimated to be $310,605 — the bulk of a median DINK's net worth.
For instance, single Americans with children have seen their net worth more than double over the last decade, and their net worth is outpacing younger, childless singles.
Now, that rise in net worth might be due to the changing dynamics of how single parents are arriving at their destination.
Persons:
DINK, —, childlessness, they're, Misty Heggeness, Nobody, weren't, Heggeness, JP Morgan, Nicole Valdez, it's, Jasmen Rogers
Organizations:
Service, Federal Reserve's Survey, Consumer Finances, University of Kansas, Survey