Baby Diver

NPR’s Planet Money on The Baby-Less Recovery: “Like cars and refrigerators, kids cost a lot, last a long time, and we don’t expect to make money from them. As we get richer, we don’t necessarily want more of them, but we do spend more on them. For cars, that means a Tesla instead of a Toyota. For kids, that means private school, tutoring … When kids morphed from little servants into expensive luxuries, it made sense to have fewer of them.” (In retrospect, maybe I should have just bought another fridge…)

Copied to Clipboard