Obviously, the headline of this post is no surprise to us. Earlier this week, NZHeral.co.nz published an article about how Sugar Daddy Dating Sites have exploded in popularity over the last few years.
Here are a few excerpts from the article that we found very interesting:
In America's booming online dating market, few sectors are hotter than so-called "sugar daddy" sites, which help rich men to make "arrangements" with attractive and financially needy younger women. Between them, these specialist sites now account for 10 per cent of the entire industry.
In the US the online dating business now generates profits estimated at US$700 million ($840 million) a year.
The "sugar daddy" trend began in 2006, when the entrepreneur Brandon Lee founded a website called SeekingArrangement. The older, male subscribers pay a fee of US$50 per month; young women can join for free.
Lee says that business has been boosted by a mixture of the faltering economy, which has increased the number of cash-hungry young members, and the robust number of baby boomers who, often with pharmaceutical assistance, are continuing to enjoy active sex lives.
The trend became a national talking point last week after CBS showed a documentary about a 22-year-old student from Miami who uses Lee's site, and others, to find gentlemen companions willing to subsidise a monthly allowance of between US$10,000 and US$20,000. Various men she has met on the site have paid her university fees in return for exclusive relationships.
For a complete review of Sugar Daddy Sites like SeekingArrangement.com, visit our parent site Alternative-Dating-Site.com's Sugar Daddy Dating Section.