You must have a lot of expenses.
I support my 2 kids and my mother on $35k a year plus ~$300.00 per month of support.
It's a struggle, but I've done it for almost 4 years so far.
Not really, I save/invest over half my income.
support my 2 kids and my mother on $35k a year plus ~$300.00 per month of support. It's a struggle, but I've done it for almost 4 years so far.
I said, I'd have kids if I felt prosperous. By prosperity, I mean how long I can live my current lifestyle without working.
While today's standard of living is certainly higher than in the past, I dispute the assertion that the average person is more wealthy. Last time I checked, America's saving rate is negative.
One of his big expenses is that he's having a lot of his money confiscated by the government to pay for raising your children. Take a hard look at all the goods and services your family uses, starting with public schools, and you'll quickly see that YOU aren't supporting them on the budget you describe. Public school districts are fond of concealing the true per student costs of their operations (often by omitting the substantial cost of purchasing and maintaining land and buildings), but most are spending at least $15,000/year per student, and quite a few are spending over $20,000. And most of that is NOT being paid by the parents of the students who attend those schools. And if your children attend a private or church-affiliated school, their tuition and/or scholarships are similarly subsidized, just by private contributions rather than tax money.