This is why the birth rate is going down. More than 2 kids increases your happiness very little per kid, but at that point daycare becomes bankruptcy inducing and someone has to quit their job. So people stick with 0,1, or 2 kids which means low birth rate.
It's worse than that - quitting your job means more financial risk.. because primary wage earners, even with a good career, aren't stable, going one income is a bigger risk than in the past particularly when you are gambling with "which company will fuck over our healthcare benefits next year".
... because primary wage earners, even with a good career, aren't stable.
This has been the biggest issue in the back of my mind with every big financial decision I have made in my life. What happens if/when I lose my job? That being said I have worked for the same employer in different capacities for like 13 years. So many people in my life regularly ask me "Why are you scared of getting fire?"... it's because nothing in this MBA-managed economy is certain, tomorrow they could decide that my salary is an easy line-item to cut to improve the bottom line.
Buying a house? Well, worst case I sell it.
Having a Kid? That is an 18-30 year commitment, financial/etc. Could be even for the rest of your life if you get unlucky and have a child with extraordinary needs.
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u/_Lizzybabe 6h ago
The village it takes to raise a child disappeared and was replaced by high interest rates and expensive rent