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Are Sugar Daddies Spending Too Much On Women?

LifeStyle
Are Sugar Daddies Spending Too Much On Women?

SeekingArrangement.com, the world’s largest dating site revealed that men becoming sugar daddies are becoming younger and younger and averages 38 years old. These gentlemen are estimated to be earning $437,818 a year.

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In Los Angeles, it was revealed that these sugar daddies spend $5,448 a month for their ladies. Although, Los Angeles moved three notches lower, from fifth to eight on the national sugar scale, with only 3.61 sugar daddies or 1,000 adult males. Atlanta came first with 5.98, followed by Scottsdale with 5.23, San Francisco with 4.94, Tampa with 4.48 and Boston with 4.29.

In Seattle, a sugar daddy averages 46 years old, and has an income of $348,021 a year and spends $4,983 a month on his sugar babies. In New York, the average sugar daddy ages 42 years old with an income of $524, 127. They spend $5, 692 per month on the ladies.

SugardaddyCanada.com, the largest “sugar daddy dating website” in Canada, determined the top hotspots of sugar daddies in the country.

Toronto became the top hotspot among sugar daddies, with 2 out of every 1,000 men became a sugar papa. Calgary came in second with 1.71 and Vancouver ranked third with 1.51. these men also spend the most in Calgary with $4,200 a month.

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The site also found out that a Canadian sugar daddy averages 40 years old, earns an income of $250,000, has an estimated net worth of $5.3 million and spends $4,000 for their women. Thirty-nine percent are married and 95% are heterosexual. Five percent of these men are senior executives, 14% are entrepreneurs, 12% are bankers and investors, 7% are lawyers and 2% are retirees.

SeekingArrangement.com, founded in 2006, saw an increase of sugar daddies joining the site. It now has over 1 million members worldwide.

“The term ‘sugar daddy’ is simply not a moniker reserved for the ‘one percent.’ Rather it is a lifestyle embodied by single men who have a genuine, vested interest in adding value to their partners’ lives. Arrangements on our website are catered to ensure that both parties are satisfied,” said founder and CEO Brandon Wade.

Wade, who also founded SeekingMillionaire.com and WhatsYourPrice.com said more single men have been joining the site, “reducing the number of married men who engage in this lifestyle.” The site also found out that the average gay sugar daddy is 39 years old, has an annual income of $215,482.39 and a net worth of over $6 million.

“We have found that there are now approximately eight Sugar Baby males for every gay sugar daddy on our website,” he added. “This growing trend indicates that men love to be spoiled just as much as women, and that generosity is a universally accepted value, no matter the type of relationship.”

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