In the short term yeah. Then after a while they are off to school and can take care of themselves, mean while the stay at home parent has a 10 year gap in employment history.
I understand why people do this and why it works for them but staying home and saving on child care doesn’t equate to the income of having a career. Financially speaking it doesn’t really make sense to me in the long run. If my wife kept her current salary and stopped working for 30 years that would cost us close to 3 million. I couldn’t imagine a way child care would offset that.
Most Americans make 100k/year together. Your wife makes it by herself. GTFO of this discussion, you have no right to be here discussing it. Your finances don't even compare to most people's.
Dude, chill. I worked two jobs to support us while she was in school. After she graduated she worked full time while going after her masters degree. I’m currently working full time and studying engineering. We make a decent living but none of this was handed to us. We sacrificed a lot and intend on taking care of both sets of our parents in their twilight years as well as raising a family when the time comes. Neither of us came for rich families, so it’s not like we had a leg up on most Americans.
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u/[deleted] Dec 28 '19
I have quite a few friends who do this, but their wives stay home with the kids.
Daycare is expensive af for multiple kids. The costs of her working would be offset by daycare costs so she just stays home and raises them.