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by giantg2
856 days ago
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"it gets harder to justify having someone work just to take home an extra $20k a year." An extra $20k/yr is huge for most people. Median household income is around $80k. I've heard it's more like $100k for married couples with kids, but can't find that Stat. With either number(or even 75% of those after tax), that's a large bump (or subtraction). |
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And once you get to that level, the person keeping the job getting a new job for a $10k-$20k bump starts becoming feasible (I got a >$60k bump when I last switched jobs), and that can make up the difference right there.
Then you have one person who can take care of the children and have time and energy to help with cooking and cleaning (keeping those costs down, especially if you were getting a lot of takeout before), and can save even more money.
There's plenty of families making this decision nowadays, it's not a hypothetical. It doesn't always make sense for every couple, but the marginal increase of income doesn't always make sense for all the added stress of trying to raise children while having two full-time jobs and the house not completely falling apart.
We don't even have children, and we aren't able to fully keep up with cooking and cleaning on two full-time jobs, we just don't have the leftover energy afterwards.