Published at Tuesday, March 19th, 2019 - 00:16:16 AM. Cycling. By Nannette Chevalier.
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.
Riders younger than the average might have to look a little further to find a club with a decent mix of ages. Of course there is zero problem riding with a group from the older generation, but it’s also nice to ride and train with folks closer to your own age, which can often be a tricky find when considering cycling clubs.
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