Mon 13 Sep 2010
Only Child + Recession = Good Thing?
Posted by Alicia under Only Child Parenting, Only Child Truths
1 Comment
We are in a recession. The President says we are coming out of it slowly. I, for one, don’t buy it. I think it is going to get a lot worse before it gets better. We made our decision to have just 1 child long before the Fed’s economic policy caught up with itself, but the numbers don’t lie. I ran several calculators online to estimate how much it costs to raise a child. Conservative estimates are $220,000 through age 18. Ouch. It is important to note, this number does not include private education or college.
Single-child families do increase during times of economic difficulty. There was a 23% rise in only-child families during the Great Depression. This recession is going to shape whether or not women decide to have children as well. Maybe for you the jury is still out. 44% of women polled recently say they plan to reduce or delay their childbearing because of the economy. You would not be alone.
But, you might ask, isn’t that selfish? Deciding whether or not to have children based on how much they cost – how unfeeling and wrong. I don’t think so. In order to take care of your child(ren) you must first take care of yourself. Everyone was quick to criticize Octomom, Nadya Suleman, because she gave birth to 14 children despite her inability to provide for their basic needs. Why shouldn’t everyone take financial resources into consideration when deciding how many children to have?



