I don’t know…there is a divorce with one of the Pritkers who has a net worth of several billion but it looks the wife will only end up with $10MM…all sorts of tricks you can employ to screw your spouse if you want including moving your assets into trusts and what not. Sounds like the wife above isn’t super savvy…not to mention the person with lots of money can decide to just spend down the $$$s on lawyers if the divorce is acrimonious. It’s crazy what lengths people will go to screw over a spouse. |
Well, you have to factor in your health insurance premiums and copays and deductibles as another hidden tax (not to mention how stupid it is for healthcare to be tied to a job), plus the cost of childcare as a hidden tax…plus what you have to save for college, etc. Yet something still doesn’t really compute. My company has many European engineers and there is a cost of living adjustment (actually no different than an engineer in SF makes more than one in Des Moines), but the pay isn’t much different for several in Sweden vs the US. Maybe the secret is to work for a US company in Europe. |
Hmm, I'm a US mid level engineer making ~$230. Most jobs I'm seeing in europe (yeah, I'm looking) are around $80k unless you are on an expat contract, which are more rare and hard to get these days. Pretty hard to make the math work on that trade for me. |
That’s great. The problem is there is not enough of rich men for all the women who want them. If Bill Gates wanted to marry me, I would not blink an eye about becoming SAHM…do social events, charities, humanitarian stuff and feel great about myself… How many Bill Gates are out there? And then, what about other factors looks looks, being good in bed, personality? |
There’s a lot more jilted ex-SAHMs who had to reenter the work force upon divorce than there are SAHMs married to wealthy single earners. Easily a 30:1 ratio. |
A SAHP is a risk, but it’s a risk that can be managed by most IF that is what a family wants to do. A lot of women and men don’t want to be SAHP and that’s obviously fine, but to pretend that only millionaire families can have a SAHP is crazy. Lots of American families do it. As long as you have some assets before you have kids, take out disability and life insurance for the working parent, have a good marriage, and make sure that both spouses remain involved in finances it can work. If you have to divorce the SAHP gets 1/2 the assets, alimony, child support, and 1/2 of the working spouses’ social security benefits. Even if you’re out for the workforce for a long time, transitioning back as a teacher or nurse isn’t hard. This was my sister’s plan when she became a SAHP and it works for her. Not appealing to a lot of women, but she always wanted to be a SAHM and is very happy. ( and she has an advanced degree and made a very nice salary before having kids). Life is full of risks. We all choose to take risks for things that are important to us. |
This. Or even in more benign but still annoying situations. Like being married to a man who treats you like you are dumb and expects you to pack his suitcase for his business trips. I have old school SAHMs in my family. Even the ones whose husbands make a lot, there are definitely downsides. |
Except there is a saying "women have to pick a horse and ride it" In my spouses network it is all nurses, marketing majors, teachers, office worker jobs. The women all graduated average colleges with average degrees. All were pretty and nice. None had parents with money. Most parents had a HS education or were immigrants themselves and lived in small little houses. But a man in his late 20s or early 30s he is looking for exactly that. A women to be a Mom as men have biological clocks too. They weirdly and oddly even though they are business people them selves shy away from business women. Now pick the horse and ride them. These women wont be able to marry a already rich guy, a guy from a rich family, a guy from a fancy school or grew up fancy neighborhood. Guess that the man wont be able to either. However, the good looking six foot two inch white guy who is very nice and down to earth who is doing MBA part time or just got it who is 28 who just made AVP at a bank, just made Manager at Big Four, just got his stock broker license who is hardworking with proper molding and a women behind the scenes can like Hillary got Bill to President can make it happen. I have seen it time and time and time again. And divorce. You girls crack me up. That Labrador of a husband she pushed out door each morning with a kiss on a check and a cup of coffee. He is useless without her. Who is he taken office holiday party, his wife at events is all friendly the other exec wives, she gives him the advice, she manages the money. She has control of house and kids and talks to his mom and sends the cards out and makes him look good. The kids all love Mom she is one home taking them places, cooking, going on class trips in divorce they side with her. Do you really think he has a powerfull attorney and a plot to take the money. He does not even know where the money is. |
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I live in a 15,000sf house. That is why I have a maid. |
Too right! DCUM will deny this is true LOL |
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It’s the other way round. The parental leave, childcare options, job sharing and part time options, enable female participation in the workforce. It’s not low wages after taxes that is pushing women to work in OECD countries, it’s the enabling environment that reduces obstacles to female labor force participation. Here is from US chamber of commerce: https://www.uschamber.com/workforce/data-deep-dive-a-decline-of-women-in-the-workforce#:~:text=The%20prohibitive%20cost%20of%20childcare,to%20return%20to%20the%20office. |
The European model is all women working and mostly in PT roles so they can do evening at home too. You only get to apply yourself if you’re a man, and you’re limited to whatever the government provides you for daycare. I’ll choose my high earning US job with a FT nanny, thanks. |
What countries with these policies have sustained d a replacement rate or having an increasing birth rate? Trump administration one did 12 week parental leave for federal employees. Not sure where your argument fits in that they have targeted families specifically in other ways fits. |