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by ltadeut
477 days ago
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I have no idea what they can even do at this point. I have young Japanese friends (early 20s) and they all tell me the same thing: the cost of raising a child is too high in Japan (considering the wages). When I talk to people it seems that they all have this concern, I doubt it's something that can be changed drastically in the short term. But this is basically the same story everywhere. Living costs are really high. Add children to the mix and how do you manage? If I put my pessimist hat on, it's just a matter of time till the same happens in Europe/US. Heck, I already see friends in Ireland and UK struggling with that and they are all high earners. |
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It is pretty easy to look at millionaires and billionaires and see that money isn't what is holding down birthrates.
Just look at the millionaire CEO of your own company. Do they have 6 kids? They probably don't even have 4 kids.
And there have been studies (though I don't have any at hand) that sudden exogenous wealth (e.g. winning the lottery) doesn't really lead to people having more kids like they claim they wanted to.
Or do cross-country comparisons. The US birthrate is (very roughly) the same as countries that have (even adjusted for purchasing power parity) dramatically lower incomes.
Or look at low engagement levels of grandparents nowadays despite being dramatically richer than in previous generations.
It isn't (mainly) about money. It is just that it is okay to complain about money but not as okay to complain "I'd honestly rather do my hobbies than have another kid".