Well no, OP is clearly in a different ball park financially than that. I do agree with your main point that staying in the workforce gives you more flexibility and bargaining power. But I think the women taking time off to SAHM are more likely to not want to return to that type of position in the first place. If they had the flexibility and finances to leave the workforce for many years, they probably aren't looking to return to a high power position that would suck up a lot of time, require travel. It's just not what they are looking for, especially since they still have kids and those schedules to work around (albeit kids not as young as prek/elementary ages). |
What you’re missing is that women get penalized in almost all industries and levels of seniority for stepping out of the workforce. Unless you’re talking about menial labor or retail jobs, SAHMs really do have a harder time demanding flexibility when returning to work. It isn’t just for high powered positions. OP really isn’t in a different ballpark financially from a family with a DH earning 500k. It’s all pretty similar in terms of education, neighborhoods, schools etc. Now if OP’s entire HHI was from inherited wealth, then sure that’s a different “ball park” as you say. |
This makes NO sense. |
The type of job where you have to put in the time and years to build up the seniority needed to get more flexibility and bargaining power - think corporate attorneys, finance, etc - are not the ones that wealthy former SAHMs are looking for. |
I think the lifestyle for a seven figure family is just different from a 500k - we'll have to agree to disagree on that. Simply affording private school alone for three kids for example - let's say $120k a year. That's a stretch for a 500k family. The wealthiest SAHMs (this is a subset of returning moms, remember) aren't "demanding flexibility" from specific positions - they are applying for (and fortunately! this is all good news!) getting the type of jobs that come WITH flexibility by default (local government, nonprofits, preK teacher). And yes some of those jobs might be menial like a pilates teacher - again, by choice. |
Nonprofit jobs are demanding jobs. No, the wives of men earning millions a year are NOT going to work for Montgomery county or local preschools. You’re clueless. The more education and successful a man is,, the more likely his wife is to be successful and educated. |
Please tell what types of jobs a wealthy SAHM is looking for? They are best suited for higher earning and high profile jobs. The problem is that they can’t get one of those jobs since they have been out of the workforce. So they continue to stay home. |
That’s not even in the same ballpark. You have to work to give your kids an upper middle class lifestyle. My DH earns seven figures and the calculus is very different regarding the trade off if I worked. |
I earned more than 150k my first job out than what you currently make. Now my husband earns multiple what I make out my first job and gives me the flexibility to spend time with my kids and pursue my hobbies. All I am saying is at that pinnacle this argument about flexibility, you give up some to get some. Your job is not worth it for me to make the trade off and leave my children with the nanny and fight with school days and stuff. The only women I have seen make it work flexibly have their own businesses, which is what I intend to pursue once my children are older.0 |
Or they don’t want to because it is high pressured. Those who want to have connections and can make it happen. |
The (sad?) state of affairs is that plenty of women who SAH with high-earning (7 figures+) husbands are so well-educated and well-connected, that, yes, they can get many of the types of jobs PP describes, despite being out of the workforce for many years. I recognize SAH is a risk for many women, but for some women it's just not. It's just not a meritocracy out there. |
I can’t believe anyone would say a house with income of 500k is the same as one with 1 million or more. That’s literally double the first household’s income! Of course it is dramatically different. |
How is affording private a stretch? You choose three kids. You choose private. So, you choose to cut back in other areas. |
It’s a stretch on a 500k income. Not on the million income. See the point?? |
When I was sah, my DH’s income shot up and we bought several rental properties with the excess cash. I manage them now. It’s not a ton of daily work but it does make me feel good to know that I am taking something important off his plate. We’re looking to buy our fourth property in the next few months. |