No, it's because parents in the West don't want their child to end up with the global average standard of living. They want a good standard of living as per the

No, it's because parents in the West don't want their child to end up with the global average standard of living. They want a good standard of living as per their expectations of growing up in the West. The globsl median household income is under $10k per year. This is destitute for an American. The prospect of one's child endind up in such a situation is not appealing. Hence, why Westerners are waiting to have kids and dedicating more resources towards them. Furthermore things integral to raising children like education have actually increased in cost over the past several decades.