You do this so that in exchange your kids can promise they will have children, because you want grandchildren? I feel sorry for you and your poor kids. Your kids should make their own decision to have children and it has nothing to do with paid education. |
It actually has a lot to do with it. The recent drops In US births are directly correlated with household debt levels and economic conditions. By recent I mean last 15-20 years. It’s not emotional. And it’s not about me at all. It’s facts. |
My sisters friend her great grandfather who was very very wealthy put all his money in a well invested trust.
Checks are paid each future kid born, college tuition paid each future kid even a check for a first marriage. Her friend got married at 25, knocked out four kids 26-32 and bought a big beautiful houses with the payments from getting married and having kids for cash. Each generation can only touch the pot of cash by getting married and having kids. |
The baby brings the bread. I had three kids and a big promotion every year I had a kid. At kid one I was making 61k a year by kids three first birthday making 300k a year. Nick Canyon, Alex Baldwin, Eddie Murphy keep working and working and earning as mouths to feed. |
Try something else. US births rate has been in decline since the 50s https://www.macrotrends.net/global-metrics/countries/USA/united-states/birth-rate Your are so wrong on this. If declining birth rate was correlated with poor economic conditions and debt levels, poor countries would have the lowest births rate in the world. It’s the opposite. Here in the US, poor and indebted people tend to have more children than rich people who are heavily invested into their jobs and careers. It’s facts. |
I think you're comparing apples to bananas here. I don't think poor people are running around with 300K of college and grad school loans. They might have have some credit card debt but I doubt it's like 300K worth because no one would give them that much credit. Heck, they probably can't qualify to even get a mortgage of 300K. However, a person who's invested into their career might very well be way more in debt that the average poor person, because they might have 300K of student loans, a mortgage of a million, etc. Are you really telling me that when someone is fresh out of grad school with 300K in debt, that's when they have a desire to have 5 kids and then their desire shrivels up as they start paying it off? Also, I think you're mixing up the economic conditions of a country versus that of an individual. Poor people in poor countries are often not in debt because no one wants to lend them any money. |
I had a fair amount of student loans, and sure, I paid them off, but it took a while and really limited my choices in my 20s. I don't want that for my kids. However, I also didn't have great financial literacy at 17/18 (and frankly, neither did my parents) so I think that is important too. Our plan is to have enough to cover 4 years in-state tuition/room and board. If they want to attend somewhere more expensive then they can apply for merit aid or take a small federal loan, but I will never co-sign private loans like my parents did. I'd expect them to work part-time/summers to cover things like car insurance, discretionary expenses, etc. |
I didn't go to grad school, so there was nothing for my parents to split or pay for. They paid for 100 percent of one sibling's master's degree and I think paid for a big chunk of another sibling's expenses during PhD program. |
At DCUM grad school is the minimum level allowed to post. |
I’m talking about in the first world. Try US Census Bureau/American Community Survey data. |
Also, if you can find it, zoom in on data in -3 to -5 to -10 year blocks beginning in 1990. You’ll see it there. Much more relevant to the average DCUM poster. |
The case you were trying to make was that someone graduating with hundreds of thousands in student debt would have less children because would be in a bad situation financially. Are you really going to tell us that poor who can’t even have a decent meal a day, don’t even know how they are going to pay rent, are in worst financial situation because they have no debt? Are you really telling us that the doctor who graduated with 400k in student loans debt, has a good job making over 300k, has a million $ home with a mortgage, is in a worst financial situation that the poor family in the ghetto that can’t put food on the table? because of the 400k debt. You don’t know what being poor means, GTOH If we even just focus on people with college degrees, there are no evidences showing that students who graduated with no student debt end up having more children than students who graduated with no debt. It’s even the opposite. People in debt end up falling in lower class, and the lower the social class the more children they have. |
It’s not country wide data but in my social circle of college educated women in their 30s: no debt corrallates to babies pretty closely. Everyone I know well enough to have a sense of their financial situation waited until they’d paid off their student loans and those of us who didn’t have loans (my dad taught at a university so my tuition was crazy low — thank you dad!) started having kids far sooner than those who did. |
Because I’m Asian. |
I think you just don't know many people with student loans. Because I know tons and almost all of them had babies before the loans were paid off. We have a NW over $5M and two teenage kids and we are still paying DH's law school loans because they are at 2%. |