Recently you may have seen reports about the birth rate in the United States plummeting big time. But in case you have been living under a rock or just watching cable ‘til your eyes bleed, it’s getting bad. The unquestionable truth is Millennials and Gen Z are not getting married and those who do tie the knot are not having kids. It’s so bad Trump has floated the idea of a $5000 payment if you have a kid(s). Allow me to explain the position below, if you think everything is fine then enjoy your favorite sports league, political commentary show, drama series, or soap opera as it is likely going to start soon and you better not miss it! Remember you pay $300 or so a month for it… get your money’s worth.
Bloggers note: The numbers and figures I’m using here are a low-ball numbers, obviously different professions/vehicles/cost of living area’s will vary. It’s a point not a thesis.
Insurmountable debt: Let’s face it, that college mom and dad forced you to attend didn’t come cheap. You have damn near 6 figures in student loans. You just found out the Department of Education is not forgiving them, so you have to work. Oh, and it’s not a job that pays 100K; its closer to 50K if you are lucky. Then add in a car payment, with the rapid rise in costs due to (cough the plandemic, cough, cough) the payment is damn near $500 a month. Add in about $100 for insurance and that pay check is damn near spoken for. If you have credit card debt, and a great many do… some to the tune of 5 figures, that’s just gravy on top of this mashed potato mountain of debt. The wedding is not going to be free, neither is the kiddo by the way. Now imagine doubling that, ‘cause you know marriage.
Expensive housing costs: I’m not even talking about owning a home, just rent for an apartment/house. You are likely conservatively talking about $2200 a month here. That’s for a studio/1 bedroom type thing by the way. Oh, and that rent will go up by the maximum allowed a year, in my state its about 10% So yeah it gets expensive quickly. Again, this is just the cost for yourself and maybe your wife if she’s ok living like a broke college kid. Oh, and when you do have the child, you need another bedroom right? Check out how much that costs.
Day care costs: Let’s face it, the work from home blarney (cough plandemic, cough, cough) is finally ending. That means you cannot have the baby getting free daycare at home anymore. Get ready to face reality as daycare very conservatively costs $250 a week, likely closer to $350. Add those costs up and suddenly your rent looks cheap. Oh, what’s that you’ve got a second kid on the way!….grab the lube and your ankles this won’t hurt a bit. Don’t believe me, it’s not cheap.
Lack of maternity/paternity care: I’m not talking about getting 6-9 months off here, and not with full pay either. I am saying most businesses offer no or a laughable amount of time off for new mothers/fathers. A friend of mine gave birth and was told “report back to work within 3 days of returning home.” Yeah, she works as a dental assistant. Nice. Her boss even went a step further saying, “back in my day, the wife was a stay at home mom.” More on that horrific statement later. Again no one is saying both parents get half a year paid vacation… but maybe a little empathy here? Cite my household expenses earlier if you need more proof. The kiddo(s) are going to need regular checkups (quite a few) and will likely be getting sick a lot as daycare/preschool is essentially a virus petri dish, so you will need flexibility to take days off. It won’t happen as the system is set up now.
A second income is needed just to survive: The days of only 1 person needing to work are long gone, they are over. Again, cite my expenses above, and try doing that on a one income household. Oh, the kiddo is growing so you will have to constantly be buying new clothes, toys, car seats etc. Hopefully one or both of you have parents in the immediate area to help with the kiddos because you are going to need it. Oh, and by the way, the baby boomers have cut things back over the years, you are going to struggle just to get by.
Baby boomers ruined it: They compare the younger generations to themselves, they put themselves through school… news flash (not the cable TV kind) it was a hell of a lot cheaper for tuition and cost of living was much less. Benefit packages at work included ones actually decent, not garbage, bare bones health plans and crummy time off arrangements. They can afford a mortgage just fine because they locked in a cheap 3% mortgage rate, when they had no kids mind you, because they bought/refinanced 7 years ago. 50K a year used to be a good paying job, now its barely enough to tread water in this economy/world.
Trump’s $5,000 payment to people who have a kid is moronic: Let’s be honest here. The type of people attracted to this kind of thing will be folks at the lower socioeconomic end of the spectrum. I’m not just talking about minorities here and don’t we have enough single parent households as it is? A child born into a low socio-economic situation is very much likely to end up in jail or have a life on the streets. The parents are not going to consider this money to help the child they will do it to spend on themselves. Keep in mind $5000 is also not incentive to get the upper middle and upper class to have kids. Technically those are the ones we need to have kids, not the folks at the bottom of the spectrum.
Planned “Parenthood”: Aborting the number of babies we have been didn’t help at all. It actually hurt; it encouraged rampant sex without marriage. No planning at all, just fun, promiscuous lifestyles. Now we are living the end result of allowing numerous babies to be aborted on demand.
Reality is, this has been brewing for a while, increased costs for the younger generations, plus stripped out career opportunities added with bare bones benefits has caused this. Young people now are graduating with damn near $100k student loans, add in the $500 car payment, $2500 rent, groceries, insurance, incidentals and viola a perfect storm. Now imagine tying the knot with someone who owes roughly the same. Now you owe combined student loans that damn near match the amount I borrowed for my house, I got an asset, you got a sheet of paper! Have fun paying all that off while having a kid(s)? No surprise we are where we are. Baby boomers… you created this mess, hopefully one day we get out of it.
The Chief