Published at Monday, March 04th, 2019 - 20:50:51 PM. Cycling. By Hedvige Paris.
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.
Of course, you can’t get started without a great set of wheels. While we’re big fans of all types of bikes, we’re specifically talking about bikes suitable for the road here. This is the most common and accessible form of cycling for beginners, and the lightweight bikes, with skinny tires and efficient riding geometry, are designed to help you navigate paved bike paths and city streets.
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