Published at Wednesday, March 06th, 2019 - 01:08:34 AM. Cycling. By Stephanie Blondel.
Over the years you can build up a pretty decent array of quality kit, enough to pass the preliminary peer exams at least, but that leaves you praying that nothing breaks and holds you back on the road to cycling’s upper classes. Even then, winter is always coming and leaves you with the age old dilemma – do you buy a winter bike, ride your best through the bleakest months, or just pack it up and accept your fate until spring?
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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