This NY Times article is a hoot: Rising Costs Are Causing Couples to Delay or Forgo Having Children | RWATimes.io
- They select 3 couples with very high end lifestyles who complain they cannot afford to have kids. The first one says their 2,000 square foot home in Mapleton UT is too small to have a child. Because today we expect 1,000 sq ft per person.
- The second is a lesbian couple that finds in vitro fertilization is too expensive.
- The third couple would have to give up their trips to Japan, Bali, Morocco and France, and their $600 per month daycare for a poodle.
Only the NY Times could be so out of touch to come up with this. The fertility rate has been declining for over 200 years (see chart below) and contemporary economic and political issues do not explain this.
They’ve selected the last 5-6 years as defining housing and the economy forever. Those who graduated from college in 2009 graduated into far worse economic conditions than faced by Gen Z newcomers today. The level of affluence is far, far, far higher today than it was 50 years ago.
We live in the richest nation on earth – and most are doing well. But per the doomer media, everything is awful!
Reminders
People in 1970 did not live in homes having 1,000 sq ft per person. Things cost less before our expectations went to supersized homes.
