Millennials can’t afford their own lives, let alone children || Motherhood In Progress

BONUS CONTENT ||

TIME STAMPS
00:00 - intro
01:51 - just make it work
04:02 - Kiwico
07:18 - cost of living crisis
08:15 - home ownership
11:55 - rental homes
15:31 - retirement plans
21:31 - daycare
24:30 - alternative options
27:18 - final thoughts

REFERENCES & RESOURCES
Are Housing Characteristics Experienced by children associated with their outcomes as young

MUSIC

CONTACT ME
My name is ashley, if you didn't know ;)

#millennialscantaffordkids #costoflivigcrisis #kidsareexpensive #motherhoodinprogress

[msoda]

Choosing not to have children, because you’ve thought of the financial ramifications is literally the opposite of selfishness.

[ingridgallagher]

They said not to have kids if we can't afford them because its irresponsible. Ok so we took that advice to heart and now we're selfish. Definitely a lose - lose scenario

[Shuang_Shuang]

A single person working a full times job *SHOULD* be able to afford rent, food, healthcare, and a simple holiday every year. They *SHOULD* be able to finance a regular hobby. They're working full time and deserve it! A dual income household *SHOULD* be able to buy property. It's crazy that people have to struggle like this 😢

[emilymaeproudfoot]

As the product of teen parents who were broke af, who had my siblings way later on in life when they were financially stable/thriving, the differences between our upbringings are massive. And this was at a time when government funded childcare existed, that support isn’t even available now. My mum was stuck in an abusive relationship for a lot of my childhood because she could not afford to leave him, like people do not realise that money = choice. The less money you have, the less choices and the less freedom you have. It’s actually refreshing to see people being realistic about what having a child entails, it’s called being responsible.

[theoriginalr]

I am here as a boomer to tell you it was a HELL of a lot of easier for us. That first girl is delulu. She is a giggling airhead who doesn't use any numbers to describe a financial situation. In 1996 hubby and i bought our first home. We live in New Jersey. It was 180k. We made 65k combined. It was less than 3 times our salary. It was a nice, 4 bedroom 2.5 bath that was English country style. Charming. Can you imagine buying a house like that in a safe neighborhood for 3 times your salary? Oh, and by the way we didnt have student loan debt either. It was small enough that we paid it off quickly. Again, can you imagine? I know you younger people hate boomers who don't understand. I agree!! Student loan debt puts you behind the 8 ball off the bat. Also, we have seen all those compound interest charts that say start young. We were able to save and put in the market on top of home ownership. how is someone with student loan debt, huge rent payments supposed to save. My husband retired early and we now have a large net worth. We rarely broke 5 figures in our household income. Sure, there are avocado toast type people, but they are the minority. Most young people today want what we wanted back int he day. House, kids, maybe have one partner stay home a few years until kids are in I only know I am now focused on making sure my son has his college paid for and that we give him a good sized down payment for a house. Unless you have wealthy parents, I don't see how young people today can do it.

[lizcollinson]

Remember the groups that say, just balance your budget will blame you if you have kids and end up homeless. They are not on your side, so don't listen to them.

[aspiring...]

Surviving and thriving are not the same.
I do not want to just survive and get by.

[clint]

As an US born only-child who also has financially irresponsible parents, it is not an honor to take care of them. I dont know where this ridiculous notion came from, but my life has been put entirely on hold because of irresponsible choices i had no part of. If you are a parent or a prospective parent, you have an obligation to your children to fund your own retirement. If you willingly forego this responsibility and put that burden on your children, you are an absolutely shit parent.

[kishapalomalani]

When I had a baby 12 years ago, I bought my house for $200, 000. The same house is more than double now. A can of formula was $18 and lasted me 2 weeks. The same amount for formula now costs $50!!! Please explain how having kids is affordable.

[FingerThatO]

Everyone is one Healthcare bill from bankruptcy

[dianebassett]

I love that women are saying they are not willing to bear the burden of forfeiting their careers to have children. If our society won’t provide proper support for families our childbearing members (women) will just opt out of having kids at all.

[yourlordship]

People are acting like we are a dying species, girlies, there are 8 BILLION+ people, it is not dire. If you don't want kids, don't have them.
The only people that are pushing for constant population growth are big companies that want constant economic growth at any cost.

[terricunningham]

People will really get on this app and say “we have three kids, we makes less than $50k, and we’re making it. We get all our clothes from the Goodwill, all our food from the Piggly Wiggly, we never go on vacation and they have no hobbies because we can’t afford. See! If we can do it, you can too.”

[Network]

I'm 36, never married, homeless since the pandemic, and living in an old Toyota Sienna minivan now, despite working, and not addicted to drugs.

[Bingewatchingmediacontent]

Sure my dad was able to raise a family of 7 on his single salary, but that same job (assistant manager at a discount store) today would be considered an entry level position which would pay barely above minimum wage. And my parents house was $35K. That same house now costs $800K. Not even kidding. They sold their house and retired on the money, and got a condo in another state. Employers now “hire” contract workers instead of full time permanent employees. Good union jobs are all but gone, and unions are very weak.

[EmilyAllan]

I had my first and only child during the last economic crash of 2008. We were NOT making it financially. Foodstamps and WIC kept us alive. We had a one bedroom apartment, and my husband was laid off. We went into debt to buy food and pay rent, and it took 10 years to pay it all off. This is reality and has been reality for a long time.

[AdelTheForsaken]

I don't give a crap what anybody thinks. I was dragged through poverty as a child. So why would I do that to my possible progeny? That was a trick question, I wouldn't!

[thenerdgirl]

When I had kids, I could afford them. Now I cry daily as I struggle to buy food for them and keep them housed. My partner and I are both employed. This is wrong. So wrong.

My landlord told my partner that people should do jobs that make them happy. She looked at him square in the face and said, if I do the job I went to Uni for that is my passion, I can't afford this rental.

He shut up.

And I agree that it's messed to tell people to move. I've TRIED to move to the most rural communities. But tight knit communities operate on nepotism and we can't get decent jobs out in the middle of nowhere. So we're stuck in the city, drowning, because we can't afford cheap rent if we're making minimum wage cleaning motels in a small town.

[jamaalpemberton]

Emma needs to realize what people view as middle class varies. It's a perspective. Often people with privileges are blind to them because they grow up thinking of what they got as the norm. I have met persons who insisted they were middle class but when you question their background you discover they were rather well off.

[MonkDave]

Beyond the fact the living crisis is completely insane, some people just DON'T WANT KIDS.