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Only Rich People Should Have Kids - Is it more expensive to raise kids now?

Posted by on Nov. 11, 2013 at 8:40 AM
  • 106 Replies

Only Rich People Should Have Kids

by Adriana Velez

castleWhen I went out the other night I joked on my way to the ATM that I had to go get a huge wheelbarrow full of money to haul back to my sitter at the end of the night. But really, it wasn't that much of an exaggeration -- childcare costs a lot! And that was just for an evening's care. If you're shelling out for daycare it can really add up. According to a new report, many of us are paying more for childcare than food or housing. "The cost of full-time center-based care for two children is the highest single household expense in the Northeast, Midwest and South. In the West, the cost of child care for two children is surpassed only by the cost of housing in the average family budget."

Which just goes to show you this is all my fault. I made one of the biggest parenting mistakes you can ever make. I went and had a kid BEFORE I became rich. What was I thinking?!? Everyone knows you can't have a baby until you've made your first million.

Not that a million dollars makes you rich these days. But you'll scrape by. Really, until you've got seven or eight figures in the bank plus an annual income of, oh, $900,000 you really have no business reproducing. And if you're thinking of having a second child better double those figures. Basically wait until you can make a huge money pile big enough to jump into from out of a fourth-story window of your McMansion. Otherwise, keep swallowing those no-baby pills.

It's not enough to avoid Parenting While Poor. Middle-income people as well have absolutely no business whatsoever starting families. Who do we think we are, bringing another mouth to feed into the world when there's no way we can afford to save up $500,000 for their college education, never mind the tutors and extracurricular activities it'll take to get our kids into college in the first place.

But most importantly, one must consider childcare. Until we create a robot race of highly intuitive childcare providers we will have to keep paying actual human beings to care for our children, human beings who also need things like food and housing and cannot be paid in wampum and Monopoly money. 

This is the world we live in, people. Only the wealthy can afford families. It's kittens and hamsters for the rest of us plebs.

Do you feel like having kids is more expensive now that it was a generation ago?

by on Nov. 11, 2013 at 8:40 AM
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Replies (1-10):
by Silver Member on Nov. 11, 2013 at 8:42 AM
Okay then
by Butters on Nov. 11, 2013 at 8:43 AM
8 moms liked this

What do they mean by rich? Do they mean financially stable? If so, yes I do think only emotionally/physically/ and finally stable people should have children. Children cost money and pretending they don't is both stupid and selfish. People having children they can not care for is ruining this country. Having a child is not a right, it's an honor treat it as such!

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by Platinum Member on Nov. 11, 2013 at 8:44 AM my mind went blank. Almost seemed harder back then but I just remember seeing my parents struggle bad.
by Anonymous 1 on Nov. 11, 2013 at 8:46 AM
1 mom liked this
Rich, no. Able to afford decent housing, healthcare, food and other basics without government assistance yes that should be a minimum.
by on Nov. 11, 2013 at 8:47 AM
24 moms liked this
It depends. Parents these days seem to think kids need video games, cell phones, computers, tablets, swim lessons, dance lessons, play sports, Boy Scouts, Girl Scouts, a room to call their own, new clothes, name brand clothes, and the list goes on and on.

If you ignore all of that, kids are pretty cheap. It can be done for far less but people have forgotten what a 'luxury' is and feel entitled to have it all immediately.
by Gold Member on Nov. 11, 2013 at 8:48 AM
No. Every generation has had issues due to the money situation. Some people just handle it better than others.
by on Nov. 11, 2013 at 8:49 AM
9 moms liked this
I'm poor and my kids are just fine.
The joy of a family is not only for the rich.
I don't pay for Childcare either, I run my own daycare. So there :P
by Gold Member on Nov. 11, 2013 at 8:51 AM
There is always the choice to not use daycare.
by Desiree` on Nov. 11, 2013 at 8:52 AM

 It's not hard to have children and you don't have to be, "rich", if you are smart enough to wait to have children until you can afford for one parent to stay at home...

by Gold Member on Nov. 11, 2013 at 8:54 AM
We don't struggle and never will unless something awful happens, and even then we still have a safety net. It's always best to be well-rounded and stable before reproducing. There are also ways to frugally raise a family. I stay home and babysit so I make the same as I would as working outside the home but without daycare cost. We will encourage our children to go to the same college as my DH did so we get the alumni discount. I will start applying to the same college or a sister college for a job there after my youngest is in school so they could potentially both go to college for free. Plan plan plan.
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