Published at Friday, March 29th, 2019 - 09:19:11 AM. Cycling. By Madelon Aubert.
Collectors spend the most money on their hobbies (£3,328), but cyclists are most serious about having the latest fashionable gear with over half (51 per cent) admitting it was important that they had the most up-to-date technology or equipment. On average, millennials have spent £2,533 on their hobbies so far, while retirees have spent £2,092. Over two-thirds (37 per cent) of millennials surveyed said they were likely to upgrade their kit, equipment and invest in the latest technology every year, versus just 15 per cent of 45 – 54s or seven per cent of retirees (65+). 14 per cent of millennials estimate they have spent more than £5,000 on their hobby equipment during their lifetime so far.
Legarreta first bought a cheap bike that couldn’t support his weight. When that bike broke, Legarreta bought another cheap one, which also broke. Finally, his friend convinced him to invest in a more expensive, durable model—and after doing that, Legarreta was hooked.
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