Al Fin, You Sexy Thing!

22 January 2012

The Economic Sense of Having Three Children

Children aren’t exactly the equivalent of a “buy one, get one free” deal. But, thanks to hand-me-down clothing, cribs, and other kid detritus, the amount needed to raise a second child is much less than the first. And a third kid? That baby’s quite an amazing bargain, by comparison. _Time

Modern youth and young adults are told by teachers and the skankstream media that the world is overpopulated. You should have at most only one or perhaps two children -- if any -- according to these keepers of the population gates. But more intelligent people understand that in modern societies, the danger is a looming underpopulation, rather than overpopulation. The loss of human capital from the shrinkage of first world populations -- while third world populations grow wildly -- will cause incredible suffering on a global scale, if trends are not changed.

The trouble in the modern world, is that governments have grown so large and overbearing, that tax burdens on young people wanting to have children can make it economically difficult to have more than one child. Add to that the destructive effects of bloated governments on their economies, and most would-be parents find themselves in a double or triple bind.

Fortunately, the economics of child raising may allow for discounts when multiple children come along. Which is a good thing for the world which needs more high intelligence, high-achieving children. And it is good for their parents, who may need a helping hand in years to come, as they age. a recent USA Today column discusses, the per-child costs decrease substantially when parents have a second and third child. The column is written by Laura Vanderkam, who is the author of the forthcoming book All the Money in the World: What the Happiest People Know About Getting and Spending and the mother of (you guessed it) three kids.

...What happens, according to researchers, is that families with two children spend 25% less per child than those with one kid. Families with three kids, in turn, spend 22% less per child than two-child households. _Time

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