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Reply to "Growing share of childless adults in U.S. don’t expect to ever have children"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you think about, purely from a financial perspective, I am doing way, way worse than my friends who did not have kids (chosen not to or just couldn't because of biology, relationships, circumstances, etc). It is an interesting thing to see right now since I'm in the thick of it, but US society doesn't encourage having children. If anything, there are economic disincentives built into the economy. No paid leave after having a child, an expensive childcare framework that is regulated to high hell by the government (for safety reasons, is unquestionably a good thing) with no financial support of the government (which people endless dispute as to whether it is shitty or not). Tax benefits are minimal. College savings programs aren't deductible federally and student loan interest is subject to income limits that drive people out of being able to take the deductions. Factor in the caps on SALT deductions (local property taxes pay for schools and surprise, the federal government DOESN'T want to encourage this I guess) and well...here we are. [/quote] +1. Couldn't agree more. [/quote] Agree. I still haven’t seen a single person refute the above points. If it was important, there would be meaningful tax benefits and government supports in place for families. Newsflash it isn’t. So smart people limit the number of kids they have or just opt out and accumulate wealth and spread it around their smaller families via inheritance which oddly is a prime thing a huge number of politicians want to encourage by reducing inheritance taxes etc. [/quote]
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