I don't know if I buy this argument. Even rich people, certainly rich enough to afford big families, are choosing to either not have children or to keep their families small. I think the root of this is much more cultural than it is economic.
+1 Yeaaaah the Conservative American culture of Bitcoin doesn't represent most Bitcoiners, so let's stop talking like it does. I've been a coach, teacher, camp counselor, babysitter, uncle, etc. I'm good without procreating, bruh. A lot of us are having the time of our lives without kids and kids wouldn't necessarily be an upgrade. A lot of parents have regrets, too. I, for one, hope this trend continues, I don't care what the soothsayers say will happen bc it probably won't. We'll be fine as a species (but there's no clicks in that narrative!).
reply
Rich people are smart and prudent with their spending habits, they understand kids are an expense. Kids are often the poor man's entertainment (as is the sexual activity that leads to them), insurance etc.
reply
economics and culture are inseparably intertwined
reply
Exactly. Children are also in the way for other ways to enjoy your wealth. It makes vacations complicated, it makes traveling complicated, it makes your career complicated, it makes mindless consumerism complicated. Very unfortunate but the cultural aspect is much more complicated
reply
Sadly, money is the reason for most. My wife and I both of us would like to have mere kids unfortunately we are on the edge, financially speaking.
The most "hardest" kid is the first, after that, having more babies becomes a desire. Okay, it's not the same for everyone but I'd say for most.
Money is the driving issue with most of the other father's I've talked to.
reply