Reply to 2017: Has marriage & 4-6 kids become the ultimate signal of real wealth?

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Reply to "2017: Has marriage & 4-6 kids become the ultimate signal of real wealth?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
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I'm in a NYC suburb and around here it's very common to see high earners making high six figures, low seven. Very, very few of their spouses work. Even the ones who had "glam" jobs before (in magazines, art galleries, theater, publishing, cable news) eventually gave them up. [b]Usually after the second kid.[/b][/quote]

This[/quote]

No, once both kids are in elementary school, the moms go back to work. [/quote]

Nope not in my experience, not among the people who have gobs of money such that an extra 100k does zip for their lifestyle. In fact, within this group, you actually see more women becoming SAHMs who didn't want to do it when the kids were little.

With multiple kids in multiple activities, you need two people (a SAHP AND a babysitter) to get them to and fro. Plus homework, days off, half days, sick days, school events, summer break, etc.[/quote]

I don't know what you mean by "gobs of money," but I'm talking about prestigious law firm partner set, not the Manhattan hedge fund crowd. In the DC-centric $1M+ HHI group that I know, the clear majority of moms do go back to work once the kids are in elementary. But, I think that DC attracts different families than NYC. Most of the DC families I know started off with both parents equally invested in their careers with equally strong work and educational pedigrees; then once the kids came, the wife usually took time off or went part-time. But, once the kids were in school all day, the moms pretty much all started back to work if they took time off, or continued to work. We all manage homework, days off, vacations, school events, etc., often with the help of a babysitter or nanny, and a husband who shares in childcare. [b](IMHO, DC parenting culture is more egalitarian than NYC parenting--a lot more dads here seem to be involved with their children than in NYC. Not equal, by any means, but more balanced.[/b])[/quote]

I don't know why this would be. Manhattan is the finance hub and DC has more lawyers but both are demanding professions. In fact, I would think lawerying is MORE demanding if the lawyer in question does litigation. Is there anything more demanding and stressful than a long trial?[/quote]

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