Reply to Birth rate plummets

Forum Index » Political Discussion

Reply to "Birth rate plummets"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Kids and cost of living are too expensive if you have a job in a top 15 metro area. About 100m Americans live in the top 15 metro areas, or about 30% of the country.

At current interest rates, a 31 year-old Millennial couple (peak baby birthing time) need a household income of $250K to buy a decent home an acceptable school district, two cars, daycare, student loan payment, retirement contribution, plus weekly expenses (food, diapers, medical costs, utilities, etc.) AND not feel completely on edge of losing it.

At a $250K HHI, you're already at the 92nd percentile of American households. But 30% of Americans live in a top 15 metro area and are dealing with a huge run up in RE prices and now interest rates.

How is a 31 year-old Millennial couple supposed to buy their first home and have a baby? It's literally not possible unless they are pulling in $250K or have family $$$$.

The math doesn't math. I'd skip kids too. We got lucky in that we are elder Millennials who bought in 2017.

We make $500K today and there's no way we could afford our current house at the current prices and interest rate without a lot of pain and skimpy budgets by the end of the month.[/quote]
Meh, I think the anxiety of this upcoming generation is really strong and leads to the idea that they need everything in its place. It's just not reasonable. Probably access to too much information has led to this.

You don't need to own a home at 31. Used cars work great. I think people' priorities are a bit focused on things rather than family. And thats ok; it's just different.

But you can raise kids just fine on 100-150k starting out while you work towards making that 250k HHI.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics