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>the pay is so low and cost of child care so high, that we would have almost broken even having her go back to work. Wage growth compounds, so you have to take
by astura 8y ago
>the pay is so low and cost of child care so high, that we would have almost broken even having her go back to work.
Wage growth compounds, so you have to take that into consideration. If your employer has a modest retirement contribution that you can take advantage of, that alone makes employment "worth it" from a purely financial prescriptive.
https://www.cbsnews.com/amp/news/staying-home-to-parent-can-cost-more-than-just-salary/ https://www.cbsnews.com/amp/news/staying-home-to-parent-can-...
- Someone1234 8y agoAnd the cost of commuting to work, classroom supplies, unpaid leave when the kids get sick (3 sick leave days a year), and the fact teachers do countless hours of unpaid overtime, have a high stress job, and that spending time with your own children has a value all itself. So even if matching retirement contributions technically tipped the scales, it would still be nowhere close to worth while.