Published at Saturday, March 30th, 2019 - 07:00:26 AM. Cycling. By Eleonore Richard.
Think about how you intend to use the bike, and how you might want to grow with the bike (for example: maybe you can only ride 20 miles now, but you have a 75-mile charity ride in your sights). Then work with your local bike shop to find the right pick.
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.
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