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I do not think it is money. My parents were much poorer but decided to have three children. This global utopia where there is so much to do, experience visit an
by Chyzwar 6y ago
I do not think it is money. My parents were much poorer but decided to have three children. This global utopia where there is so much to do, experience visit and see. For many millennials and Z gen Netflix is more interesting that having a child. It does not help that there are extremely high expectation for being an parent.
- deleted 6y ago[deleted]
- jefftk 6y agoBecause a lot of the cost is opportunity cost, in monetary terms it will be higher for richer families. For example, if the lower earning parent decides to stay home with the kids, that "costs" $15k/y if their take-home pay after tax is $15k, vs $100k/y if it's $100k.
- dan-robertson 6y agoAt some point this stops being the case. Obviously if the family live on passive income and parents don’t need to work then the opportunity cost is less important. If the parents have high incomes then they can, if they are willing, afford to pay for various childcare services. However there is an emotional opportunity cost to this: parents may want to be around and not at work as their children are growing up. Though this matters less once the children are spending much of their time at school.
- powerapple 6y agoNormally it is the middle class don't have more children. They are not poor, then kids are more expensive when you can afford things for kids, you want to invest in them, and they are not rich enough to not worry about cost. Kids in poor family will cost only food, and minimal maintenance :)
- yuppie_scum 6y agoI love my child but I’m glad I had my entire 20’s and part of my 30’s to sow some wild oats and get my career out of the gutter. Unless you have a stepford wife, parenting takes away all your free time for a while.