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It’s Not Just You: No One Can Afford Kids Anymore

The Financial Diet 390,323 10 months ago
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In our March video essay, Chelsea explores the myriad reasons millennials are having fewer kids, having them later, or just not having them at all. Spoiler alert: a lot of it has to do with money. Disclaimer: This video is for educational purposes only. SPECIAL THANKS TO: Dominque Baker: https://www.tiktok.com/@dominiquebakerofficial?lang=en Dr. Amy Blackstone: https://werenothavingababy.com/research/ Maggie Taylor: https://www.instagram.com/maggieolsontaylor/ SOURCE LINKS: https://www.psychologytoday.com/intl/blog/complete-without-kids/201401/childfree-trend-on-the-rise-four-reasons-why https://fortune.com/2023/01/12/millennials-broken-economy-delay-children-birthrate/ https://www.fox5ny.com/news/poll-millennials-not-having-children https://www.theguardian.com/environment/2023/nov/09/more-people-not-having-children-due-to-climate-breakdown-fears-finds-research https://money.com/child-care-costs-declining-birth-rate/ https://katiecouric.com/lifestyle/parenting/why-more-people-choose-not-to-have-kids/ https://www.resumebuilder.com/having-children-has-negatively-impacted-one-third-of-womens-careers/ https://www.thebump.com/news/record-low-womens-labor-participation https://www.pewresearch.org/short-reads/2021/11/19/growing-share-of-childless-adults-in-u-s-dont-expect-to-ever-have-children/ https://www.americanprogress.org/article/the-state-of-paid-family-and-medical-leave-in-the-u-s-in-2024/ https://www.abetterbalance.org/resources/paid-family-leave-laws-chart/ https://www.marketplace.org/2022/08/17/money-and-millennials-the-cost-of-living-in-2022-vs-1972/ https://lbmjournal.com/home-prices-are-rising-2x-faster-than-income/ https://www.wsj.com/economy/child-care-prices-are-rising-at-nearly-twice-the-overall-inflation-rate-2c279c61 https://www.newsweek.com/child-care-costs-more-expensive-college-1862309 https://www.pbs.org/newshour/amp/nation/how-the-rising-cost-of-childcare-hurts-parents-job-stability https://itep.org/lapse-of-expanded-child-tax-credit-led-to-unprecedented-rise-in-child-poverty-2023/ https://time.com/6488894/south-korea-low-fertility-rate-trend-decline/ https://www.nytimes.com/2022/09/14/opinion/population-birthrate-decline.html https://www.scientificamerican.com/article/population-decline-will-change-the-world-for-the-better/ https://www.pbs.org/newshour/economy/low-wage-workers-bear-financial-burden-of-denied-abortions https://www.cnn.com/2023/11/21/health/abortion-bans-increase-births/index.html https://www.bloomberg.com/opinion/articles/2021-03-22/singapore-s-shrinking-population-doesn-t-spell-economic-doom?leadSource=uverify%20wall https://www.pewresearch.org/short-reads/2021/11/19/growing-share-of-childless-adults-in-u-s-dont-expect-to-ever-have-children/ https://www.who.int/news/item/04-04-2023-1-in-6-people-globally-affected-by-infertility https://my.clevelandclinic.org/health/diseases/16083-infertility https://theivfcenter.com/what-is-the-success-rate-of-ivf-on-the-first-try https://www.forbes.com/health/womens-health/how-much-does-ivf-cost/ https://www.nytimes.com/2022/12/23/well/family/egg-freezing-risks-cost.html https://www.businessinsider.com/meet-typical-dink-double-income-no-kid-net-worth-retirement-2023-11 https://www.nerdwallet.com/article/finance/median-household-income https://www.huffpost.com/entry/why-i-refused-gender-reveal-party_n_5c75735be4b0bf1662042480 https://www.businessinsider.com/tiktoks-trad-wives-are-pushing-a-conservative-agenda-for-women-2022-11 Music and sound effects by https://www.epidemicsound.com 00:00:00 Society Information 00:00:53 Intro 00:04:47 Ad break 00:05:42 The Childfree Movement 00:16:25 A Brief History Of Reasons For Being Childfree 00:23:04 The Village: Then vs Now 00:31:48 Ad break 00:37:02 Societal-Level Implications Of Not Having Kids 00:44:21 How Difficult It Can Actually Be To Have Children 00:48:37 The Millennial Dichotomy: DINKs vs. Tradwives 01:00:01 Motherhood: The Impossible Choice For Women Join this channel to get access to perks: https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

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