Reply to American Women Are Giving Up on Marriage (Wall Street Journal)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Another topical WSJ Article today about Asian countries having to pay people to get married...and it still isn't working.

https://www.wsj.com/lifestyle/relationships/singles-dating-marriage-fertility-birthrate-south-korea-bdb40c7b

Saha-gu, a district in South Korea’s second largest city of Busan, offers singles who match at its events around $340 to spend on dates. Those who get married receive roughly $14,000 upfront and are feted with housing subsidies and more cash to cover pregnancy-related expenses and international travel. No participant has claimed the prize for marriage.

Churches and companies are lending a hand. Booyoung Group, a construction firm in Seoul, pays its employees roughly $75,000 each time they have a baby. Yoido Full Gospel Church, one of the world’s largest congregations in the world, gives its members $1,380 for each childbirth.

But marriage is a tough sell for many South Korean singles.

A recent survey shows roughly three-fifths of working South Koreans think it’s OK not to marry. Many say they don’t feel the need, and rising living costs are big disincentives, as are the punishingly long work hours in South Korea’s office culture. Women face additional barriers in re-entering the workforce after childbirth.

[/quote]

That’s not nearly enough money to raise a kid.

$75k sounds like a lot but that’s less than a lot of people’s salaries. It’ll all be gone within the first year of that child’s life.

You really need a solid $150k a year to raise a child comfortably. Over 18 years that’s $2.7M. Plus an additional $500k for college expenses.

If they tried offering $5M to have kids, people would have more. [/quote]

Well, it's obviously unsustainable to subsidize the entire cost of having a child.  That said, $75k is $75k more than anything provided in the US.[/quote]

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