A new type of household is on the rise: those with a dual income and no kids. They call themselves Dinkers, and they re not having kids because they see children as a financial burden on their family.
00:02:33.020This household configuration of dual income partners living alone without children is on the rise.
00:02:41.400In 2022, it was around 43% of households and that's about a 7% increase from a decade previously.
00:02:48.280In 2022, 43% of Americans surveyed said they'd want to get married, but just a little more than a quarter said they were sure about wanting children.
00:02:58.180The term dink is becoming more prominent now because of financial challenges and they see children as just another financial challenge.
00:03:22.920The word just is quite telling because there's apparently nothing else to say about new human life other than the fact that it's an economic burden.
00:03:35.520The idea that there may be more to life, that some things transcend material concerns, that not everything has a price tag, that there is more to life than the bottom line.
00:03:45.140None of that is taken into consideration at all.
00:03:47.180According to a 2023 survey of Dink's, finance played a major role in their decision to not have children.
00:03:54.460More than a quarter of respondents said they simply aren't able to financially support a child at the moment.
00:04:00.860When we advise clients about having children, we honestly don't even give them the full real details and the real numbers.
00:04:08.520It's one of those things, if you actually see the math of it all, it might make you decide to not have children.
00:04:14.520It costs the family an estimated $310,605 to raise a child born in 2015 to age 18, adjusted for higher future inflation.
00:04:25.060And that doesn't even include the cost of college.
00:04:27.700Okay, now this really isn't the point I want to focus on, but it should be noted that everything you've just heard is nonsense.
00:04:33.64033% of the Dinks say they can't afford a child.
00:04:36.580Now, I believe that 33% said that in a survey, but what they're saying is ridiculous.
00:04:41.380I mean, there are families with significantly less financial means who are managing to raise multiple children and can still live perfectly comfortably and care for their children and themselves without the risk of starvation.
00:04:54.000Now, as a general rule, if you have decided that something is financially impossible for you, but then you look around and you see that literally billions of people throughout the history of the world have done this impossible thing with less financial means than you have at your disposal,
00:05:10.560that's a good indication that the problem isn't really your finances.
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00:06:55.060Now, granted, this was 10 years ago, okay, so there's been inflation, but that would still mean that nearly all of my income was going to my kids.
00:07:02.880I mean, we would have been homeless and starving, but we weren't.
00:07:07.220I mean, it is more than possible to raise a child on significantly less than $20,000 a year.
00:07:12.840It just might mean that you're driving a less fancy car, and you're buying a less fancy TV, and you're going on less fancy vacations.
00:07:19.780And you're learning how to actually make meals from scratch at home instead of ordering DoorDash five nights a week.
00:07:51.880Seeing our friends really struggle with that balancing act.
00:07:56.380Because we appreciate the flexibility that we have financially because we don't have children.
00:08:04.860Yes, that dude is reading a book titled Hot and Unbothered, okay?
00:08:10.820Now, I looked it up, and apparently the full title is Hot and Unbothered, How to Think About, Talk About, and Have the Sex You Really Want.
00:08:18.460So, yes, behind the scenes here, okay?
00:08:21.420The CNBC crew came to this Dink's house.
00:08:25.180They wanted to get some B-roll of this couple sitting on the couch and pretending to read together,
00:08:29.120which is something they've probably never done even once in real life, okay?
00:08:32.560They've never sat on the couch and read together.
00:08:35.040They're just on their phones all the time, not even looking at each other.
00:09:03.960Besides saving on childcare, dinks can also fully reap the benefits of combining their finances.
00:09:09.540To look at both of our incomes coming in and see how we're able to handle all of that because we don't have extra finances with a child, it's much more comfortable.
00:09:19.900We get to focus more on the things that we want to do and saving a lot of that money for the future and worry less about the day-to-day finances of the house and our bills.
00:09:31.960Money isn't the only expense that dinks can save on.
00:09:35.380The free time is actually one of the biggest things for me.
00:09:38.880So we built me a little office slash bedroom out here.
00:09:43.400We definitely have some more expensive hobbies.
00:09:46.280I build mechanical keyboards, like computer keyboards, in my spare time.
00:09:51.700And just parts and stuff for that can be very expensive.
00:09:54.700Not having children has given us the freedom to pursue other things.
00:10:44.460I also don't have a separate bedroom from my wife, as this guy apparently does.
00:10:49.260I mean, because he's absolutely determined to fulfill every single last demeaning stereotype of a male millennial dink that he can think of.
00:10:56.360So, when you hear this anti-natalist propaganda telling you about all the things you can't do when you have kids, it's always important to remember that it's a lie.
00:11:07.660I mean, again, there is nothing that these people can do that I can't or that you can't if you have kids.
00:11:14.420Now, in some cases, it may take more effort.
00:11:41.660You know, arguing the case on financial terms is playing right into the dink hands, which is never good because you never know where their hands have been.
00:11:48.780Oh, Dinkleberg, aren't you going to come over and give my wife a congratulatory hand touch?
00:11:54.460Even if financial security and prosperity is perfectly possible and attainable for families with children, and it is, it is still true that your life will be easier financially if you don't have kids.
00:12:26.340Until they're old and the money runs out and they end up alone in a nursing home because they don't have any kids to care for them or support them.
00:12:38.700You'll notice that every time we get this kind of advertisement for the dink lifestyle, the only thing they ever want to talk about is the finances.
00:12:47.120The supposed benefits of being a dink all fall into one bucket.
00:13:46.620These are questions that the dinks in that video don't seem to have asked themselves.
00:13:49.540They're too busy reading self-help sex books in their separate bedrooms.
00:13:56.020Gloating over how easy their lives are while never stopping to consider what life is or what they are meant to do with it or what will make it meaningful.
00:14:07.180And that is why they are today, once again, canceled.