Reply to Downward social mobility - anyone worries about it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know nearly a dozen young people who have opted not to have kids because they feel they can’t afford them.

All of these young people grew up in nice homes with two loving parents, great schools, travel, etc. Despite having good educations and jobs, the cost of housing plus kids is just too much.

Only one of my kids is old enough to really worry about such things, and they’ve opted to not come back to the dc metro area after college because it’s too expensive. [/quote]

That's just an excuse not to have kids. Poor people have kids. [/quote]

Um, sure.

But smart, responsible people (particularly those accustomed to a nice lifestyle) sometimes opt to forgo parenthood given the responsibility—including the financial responsibility.

Housing plus childcare in the DC metro area are shockingly expensive. I know a lot of young people who recognize this and have opted to simply not go down that road.

My kid is out of state for college and isn’t coming back to DC after graduation. Interestingly, many of his older friends have opted not to return to DC/MD either. Those who have come back to the area tend to live with their parents.

I am worried about my kids scattering across the country and struggling to buy a home, etc. My kids won’t have any student loans or debt, but I’m not sure how much we will be able to help out beyond that. Hopefully we can give them some money for weddings and towards a house, but we certainly can’t underwrite the full cost of such costly things. [/quote]

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