| > These days, it's common for both parents to work, and yet we're not all twice as rich. Most of that extra money is eaten up by higher housing costs What was the average home size in 1970? What is the average home size today? Internet says that median house size in US went from 500sq feet to 907 sq feet. So yes, the consumption standards had risen significantly. > These days, it's common for both parents to work Can't say for US, but in EU these days it's common for parents to travel. It's common for parents to go on a massage or SPA on the weekends. It's common for parents to do sport, buy a bicycle etc. And I'm talking about regular blue collar peps. My parents didn't do all that. They lived a much more humble life than most parents today. Also my mother did a shitload of manual work, she washed all the clothes manually, she did cleaning mostly manually, she fixed clothes with her own hands manually. How many times in the past ten years had you fixed your clothes with sewing? So this "one parent was working" meant basically "another parent is doing a shitload of manual labor at home (because absent/more expensive goods and services) and they overall live a pretty humble life by today standards even adjusted for better services". If you reduce your living standards to 1970s median, you can easily rise your kids with a single working parent. But neither you, nor your spouse and kids will like that standards of living. |
> What was the average home size in 1970? What is the average home size today?
The home I grew up in was larger than the house I raise my kids in. Lots of older houses weren't all that small, and plenty of new ones aren't that big, but they all got a lot more expensive.
> How many times in the past ten years had you fixed your clothes with sewing?
I always want to, but never get around to it. This lack of repair has definitely contributed to the disposability of our stuff.
> So this "one parent was working" meant basically "another parent is doing a shitload of manual labor at home
But we still have chores at home. Only now we have to do them outside working hours. Although I do quite a bit on my free wednesdays.
> If you reduce your living standards to 1970s median, you can easily rise your kids with a single working parent.
I have friends who do. But the thing they mostly cut their expenses on is still their house: they live in an old, poorly insulated house in the middle of nowhere that still needs a lot of work.