Re:As child care costs soar, more parents may have to exit t...
by d3w4s9 on Thursday November 02, 2023 @07:37AM
(#38111996)
In many parts of the world, it is common for grandparents to take care of the babies and even small kids. In other words, free daycare. Not so common in the US.
Re:As child care costs soar, more parents may have to exit t...
by Qem on Thursday November 02, 2023 @11:52AM
(#38115282)
As people delay parenting, this option becomes less available. When people routinely had kids in their 20s, starting age of grandparents was about 40-50, when they were still had a lot of energy to help. In a world where people have kids in their 30s, the average grandparent has their first grandchild between 60-70. It means a sizeable fraction of them may be already too frail or even already dead, to contribute significantly in childrearing, needing assistance themselves. That compounds the problem, because then people have to raise small children at the same time their elderly parents start to need more assistance.
This in turn means that people have to have higher level careers and usually two earners in a home to afford the cost of living.
Overall this all raises GDP but it results in an environment that is hostile to family formation.
It could be a feedback loop too. Fewer kids might coincide with more career oriented lifestyles which drive higher earnings but also bid up real estate and other costs, and so on.