Reply to NY Mag: Daycare is Broken

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

In all of this, I was lucky that my DH made enough money, that he was healthy and that we had a good marriage.  If any of these three things were not ok, I would have been screwed as a SAHM.  So, if the govt cannot fix childcare and education, perhaps the govt can pay SAHMs to stay at home so they do not become vulnerable. [/quote]

This is huge. It’s just a big risk.  We could cover the basics on DH’s salary, but not save nearly enough for college and retirement. This is what happened to my parents- SAHM until she became a para when I was in high school, no college savings and now they are in a precarious state in retirement where any health problems will mean that we will probably have to start contributing financially.

Because of a pre-existing health condition, life insurance for DH is extremely expensive, so we don’t have as much as would need for me to feel comfortable quitting the workforce either.[/quote]

To be fair, your average UMC white woman has an extremely high chance that everything will end up okay with DH.  Divorce for this demographic is low, the DH should earn enough money if they live a frugal lifestyle and they should have multiple types of insurance for health issues.

[/quote]

Ok, but now you need to purchase lots of insurance on one income too to cover all the possibilities?  Not everyone is UMC, on one income we definitely would not be.[/quote]

Not PP, but obviously you need to plan carefully.  My maternal grandfather planned very carefully throughout his life, and when he passed away relatively young, my grandmother was well cared for with his pension, SS, and longterm care insurance.  She passed away at 95 in a nice LTC without having to rely on Medicaid.  It was so huge for my mom and her siblings peace of mind.

My paternal grandparents did not have a pension or longterm care insurance and my grandmother's chronic health issues drained their retirement savings pretty quickly once things got bad.  My dad and his siblings supported them as long as they could but they both ended up in Medicaid beds at the end.  It kind of scarred my dad, he is still working at 70 partly for this reason.  Just like daycare, end of life care can be really expensive.[/quote]

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