-College alone, except for a select few schools and/or majors, is no longer a strong signal for getting jobs. My wife went to a good state school and studied Philosophy in undergrad, but had trouble finding good work. She ended up at a top law school, starting her career at a big law firm when she was 25. More post-grad education isn't necessarily bad, but it often leads to debt and delays independent adult life milestones.
-Less loyalty from company to employee and vice-versa compared to years ago. Hiring generally bright people and training them up to work for a decade plus is unheard of today at most companies. I was lucky to get my job out of undergrad and move up the ranks. Many of my peers had to hop jobs and cities.
-Geographic bifurcation of haves vs. have nots and tech eating the world. The best jobs are concentrated at fewer companies, mostly in very expensive cities like with high housing costs. Around the smaller city where I grew up, baby boomers in middle management could earn good salaries, but there were few good entry-level jobs. People move away from home for a career. Having kids means expensive childcare or one partner giving up a job/taking less lucrative work. In the "good old days", extended family would help with the kids and it was easier to get by on one salary.
-This will sound controversial, but availability/acceptance of hedonistic pursuits: world travel, casual sex, drinking/drugs/partying, video games, porn, etc. I'm sure the Tinder era makes this even easier. On a more banal level, when I was single, I rarely cooked a meal for myself or even did laundry. Eventually this felt empty but it was a siren song at the time. There's very little social/peer judgment telling you to "grow up." I could still live like this today if I wanted to. I'm not a Ned Flanders type: It was mostly fun, but I do think extended adolescence can extend a bit too long.
Anyway I don't really like to preach to people. Raising a family is hard work, and it's a full-time 100% always-on commitment, even more than that finance, tech or big law job. It might not be for everyone. I will say for the people who want to some day, but want just this one trip to Machu Picchu on their Instagram, one more notch on the headboard, one more Michelin three-star tasting menu, one more good bonus/promotion, etc. etc. to just take the leap.
The decline of organized religion might play a part? These communities provide a purpose beyond the self through volunteering/charity, steer their members to start families, and provide role models/mentors for younger men & women to model.
IMO, the rise of extreme ideologies is telling. Rudderless people are so desperate for a moral code and sense of belonging that even alt-right neo-Nazis look like an attractive option instead of a sad joke. I'm not sure what type of positive community fills this need today. I'm not a religious believer, nor are most of my peers. I volunteer at a food pantry, but the volunteers are kinda transient and it doesn't feel like a cohesive group.
And what kind of kids would your friends have, given that they’re not particularly drawn to or versed in family life and values?
Not trying to be combative I just would be very interested in seeing this unpacked.
I don't think being versed in family life matters. The older I get, the more I realize that the folks in charge are just as confused as I am half the time. Everyone learns as they go. Nobody is born knowing how to raise a kid and every kid is different. If you give them a safe & nurturing place, spend time with them, and try your best, you'll do just fine.
My wife and I had our first when we were 30, and luckily, another through IVF, which is far more complicated, painful, emotionally draining and expensive than you'd expect based on how people casually talk. It's unlikely that we can ever have more, even though we could easily take care of them, and we both come from big, happy families.
I was afraid to get married and start a family. It seemed so daunting and I dreaded being a bad father/husband or letting a poor innocent kid down. My parents grew up struggling in Portugal and as poor immigrants to the US and I wanted no part of that. By the time I felt ready I had a few million dollars in investments, owned a large apartment in a nice city without a mortgage and was doing well in a very competitive job (HFT).
And it ended up not mattering a bit. My industry got decimated, just as I'd feared, and I never touched a single dollar of the money I had put away. My kids never starved. My wife still had her job. I work hard and am somewhat clever. I found another that paid more than enough, not finance money, but plenty.
Kids aren't that expensive. Once you have a family you aren't going to fancy restaurants or racking up big bar tabs every few weeks. Clothes can be cheap if you look around. Your kid doesn't need a 50k preschool. As long as you're employable in a middle or upper middle class job, you can take care of a kid. Money and career success aren't even the toughest parts. Being an old dad sucks. Everything is just physically and mentally harder than when I was in my 20s. In retrospect, I wish I were waking up at 3am to change diapers instead of getting in from the club at 26.
It's a cliche but I feel more joy and personal satisfaction watching my sons grow and learn new things than anything else in the world. I've been very fortunate, had a lot of successes and cool experiences, but nothing comes close.