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It is cost, and it is more costly the wealthier you are because the opportunity costs are higher.
by mensetmanusman 2y ago
It is cost, and it is more costly the wealthier you are because the opportunity costs are higher.
- ndriscoll 2y agoThis ignores the lower marginal utility of money as wealth increases (and increased marginal tax burden), and probably greater marginal "utility" of having children at higher levels of wealth (as you have more ability to spend time with them/don't need to be preoccupied with economic worries. e.g. my wife is a stay-at-home mom and I can work from home, so we get to spend a lot of time with our kids).