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The number one reason young people tell me they do not want kids these days is because they cannot afford it.
So they say. I always wonder what the real reason is.
Kids don’t cost much. Moreover, they are a complete time sink. Anything that you used to spend money on vanishes as you won’t have time for it anymore. It is likely the the average person will come out net ahead. And as the kids get a little bit order, they start to become productive, which becomes an income multiplicative factor.
If the average woman in Niger, where the average income is $50 USD per month, can have seven children, anyone in Canada can afford at least one child with ease.
I expect it is the “16 and Pregnant” movement that has dissuaded people from having children. The whole “Don’t ruin your life having children, go to school and get a good job!” message that keeps getting perpetuated. People don’t want to be seen as the rural hick woman pumping out babies. That stereotype has become the scorn of our society.
Not to mention that if you look at what the $15,000 child cost includes, it already factors in things like transportation and shelter costs. Which @[email protected] includes again when budgeting parental costs.
Based on his numbers, removing the duplication, this single income supporting a family of three comes out comfortably in the black. And that’s with childcare costs included! If you are going to pay for childcare, why not have two incomes supporting the family of three? Now you’re saving money hand over fist.
If not being able to accurately calculate costs is the reason why Canadians aren’t having children… Maybe it’s best to keep that out of the gene pool anyway.