‘Good luck dying alone’: Couples on TikTok are showing off their 'double-income,...
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Couples on TikTok are showing off their 'double-income, no-kids' lifestyle — but also face harsh backlash. Here are the pros and cons of being a DINK
More young Americans are choosing to skip the traditional milestones set by their boomer parents and opting not to have children — and they’re taking to social media to celebrate the perks.
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Ness Baker recently labeled herself and her partner DINKWADs (dual income, no kids, with a dog) in a viral video that featured the couple going shopping, lounging in bed and enjoying the outdoors. The TikTok video generated over 10 million views and plenty of debate.
Not everyone who came across the video was warm to the idea of going childless by choice. “Good luck dying alone at 60 to 70 with no kids or grandkids to take care of you," wrote one viewer in a comment that received over 5,000 likes.
The DINK lifestyle isn’t for everyone. And while there are many factors involved in the decision whether to have children or not, here are the financial implications of both sides.
Higher income and savings potential
The most obvious benefit to the DINK lifestyle is (hopefully) dealing with fewer financial responsibilities. Forget having to budget for groceries, extra health care, childcare, education costs, Christmas and birthday parties, and so on. You can probably even live in a smaller and cheaper home — or at least not have to worry about good school districts in the neighborhood.
Ideally, this will leave you more room in your budget for fun activities like dining out or travel — and also to build your savings.
As long as you plan and budget wisely, you can take this opportunity to build some pretty solid retirement savings.
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