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» How much household income and/or net worth is needed to justify having kids?
02-24-2024, 01:14 PM
#1
How much household income and/or net worth is needed to justify having kids?
Title.
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
I figure $5k/mo ($60k/yr) is a conservative number for CoL for yourself with a kid. Then there's taxes, 401k, as well as other things that come up. Then you wanna save some extra to invest and stay ahead. So that's the income side.
Net worth side though, if we said $5k/mo CoL, then $150k buys you 2.5 years time if you lose your income.
What says the misc?
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
I figure $5k/mo ($60k/yr) is a conservative number for CoL for yourself with a kid. Then there's taxes, 401k, as well as other things that come up. Then you wanna save some extra to invest and stay ahead. So that's the income side.
Net worth side though, if we said $5k/mo CoL, then $150k buys you 2.5 years time if you lose your income.
What says the misc?
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02-24-2024, 01:14 PM
#2
none, just get on welfare
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02-24-2024, 01:17 PM
#3
People had kids when they had to build shelter out of sticks and move with the seasons.
02-24-2024, 01:22 PM
#4
bout 3.5 trillion
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02-24-2024, 01:27 PM
#5
With the advances in AI, IMO you have no business having kids unless you can provide them with a trust fund so they'll never have to work.
18 years from now we will be close to, or at, AGI and jobs will be disappearing forever.
People will be stuck forever at whatever socioeconomic class they were in when the transition begins. The rich will own everything, the poor will survive on government handouts if they're lucky. There will be zero opportunity to work or save.
18 years from now we will be close to, or at, AGI and jobs will be disappearing forever.
People will be stuck forever at whatever socioeconomic class they were in when the transition begins. The rich will own everything, the poor will survive on government handouts if they're lucky. There will be zero opportunity to work or save.
02-24-2024, 02:04 PM
#6
Originally Posted By TugOfPeace⏩
^^^probably the right answer in socialist economies
none, just get on welfare
Particularly if the benefits means testing is based on income rather than wealth
You can take a few years out of the workforce and get healthcare, child care benefits for next to nothing and pay little or no tax
Probably the only realistic opportunity for higher income earners to claw back some small benefit
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02-24-2024, 02:06 PM
#7
there are people out there raising kids on $50k/year…some even better than yuppies making 4x+ more money.
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02-24-2024, 02:08 PM
#8
Originally Posted By JackyChin⏩
I absolutely adore how i am proven time and time again that we live in a world of idiots.
With the advances in AI
The "Advancements in AI" are nothing more than improvements to a search engine. The same milestone Google made when they created basic logic back in the 90's.
You sound like a regarded boomer but don't worry, you're not alone.
02-24-2024, 02:14 PM
#9
Originally Posted By LunarMisc⏩
that's true. i think back to my childhood…food, $30 at the rec department to play sports, some gifts on birthdays/Christmas, few pair of shoes per year, some basic clothes on sale that lasted about the entire school year
Heard my cuz make a good point.
Kids aren't expensive. A few hundred a month and you are fine for essentials
they are only expensive because you want to begin buying them too many things
Kids aren't expensive. A few hundred a month and you are fine for essentials
they are only expensive because you want to begin buying them too many things
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02-24-2024, 02:28 PM
#10
Originally Posted By FrostF⏩
I think a lot of people underestimate how long 18 years can be.
I absolutely adore how i am proven time and time again that we live in a world of idiots.
The "Advancements in AI" are nothing more than improvements to a search engine. The same milestone Google made when they created basic logic back in the 90's.
You sound like a regarded boomer but don't worry, you're not alone.
The "Advancements in AI" are nothing more than improvements to a search engine. The same milestone Google made when they created basic logic back in the 90's.
You sound like a regarded boomer but don't worry, you're not alone.
18 years ago was 2006.
The iPhone did not exist.
Yahoo was the most visited website.
DARPA sponsored a self-driving car competition in the empty desert. Of 25 teams the best one made it 7.4 miles.
Computers could not recognize faces, objects, text, or speech.
Apple, Nvidia, Netflix, Tesla, Google, Meta, and Amazon combined had 1/3 the market cap of a cigarette company
18 years is a long time, to say nothing of the 45 year career that follows it.
02-24-2024, 02:33 PM
#11
Cost isn't the issue. You can raise kids on a budget. It's opportunity cost that's the issue. You need to be so bored and so much money there's nothing better to do.
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02-24-2024, 02:41 PM
#12
It's only white people who ask questions like this. Everyone else is on welfare and doing fine.
It's not money It's the time investment that's the highest cost. Most people want to send their kids away to daycare all day just to get rid of them, that costs money.
But if you actually like your kid like a normal human should money shouldn't be an issue
It's not money It's the time investment that's the highest cost. Most people want to send their kids away to daycare all day just to get rid of them, that costs money.
But if you actually like your kid like a normal human should money shouldn't be an issue
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02-24-2024, 02:45 PM
#13
Originally Posted By Onlinedatingcel⏩
what's the opportunity cost lost because of children?
Cost isn't the issue. You can raise kids on a budget. It's opportunity cost that's the issue. You need to be so bored and so much money there's nothing better to do.
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02-24-2024, 02:48 PM
#14
Originally Posted By ExistentialBrah⏩
back in my day we rode the bus to grandparents after school until parents got off work at 5. cousins and kids in the neighborhood played outside together. at a certain age just ride the bus home and wait for them.
It's only white people who ask questions like this. Everyone else is on welfare and doing fine.
It's not money It's the time investment that's the highest cost. Most people want to send their kids away to daycare all day just to get rid of them, that costs money.
But if you actually like your kid like a normal human should money shouldn't be an issue
It's not money It's the time investment that's the highest cost. Most people want to send their kids away to daycare all day just to get rid of them, that costs money.
But if you actually like your kid like a normal human should money shouldn't be an issue
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02-24-2024, 03:07 PM
#15
Originally Posted By eddiehaskell⏩
For you not much at all.
what's the opportunity cost lost because of children?
For other people, possibly lots.
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02-24-2024, 03:09 PM
#16
Originally Posted By Visel⏩
I'll add an addendum to this. $125k/year…no debt. I know quite a few people making that much still living P2P because of debt (student loans/credit cards/registration/insurance on their luxury car(s)).
Title.
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
02-24-2024, 03:09 PM
#17
Originally Posted By JackyChin⏩
And over the past 10 we've seen advancements come to a crawl.
18 years is a long time, to say nothing of the 45 year career that follows it.
This is due to the realism of whats possible at the nanometer level.
Tech advancement is entirely reliant on nanometer capabilites. A few supercomputers push current nanometer tech to it's limits by simply scaling up the size of the overall system as much as possible.
Which is again limited due to what's possible in terms of heat dispersion.
The only real concern anyone should have in terms of Futuristic AI is based around what a handful of supercomputers could be capable of, such as instantaneous identification of every human being within a paremeter. Which China is currently exploring in a few of its major cities.
But it is in no way capable of distiguishing whats practical and whats not based on real time human nature. Not even close. And has yet to have any implication on real world life.
Simply remove text-based communications from the equation and AI has zero impact.
02-24-2024, 03:17 PM
#18
Why do you want kids is the real question? If you think things are bad with social media and people not agreeing on what the truth is, imagine how bad things will be when AI really takes off and starts creating whatever narrative it wants. Not only can you disseminate "news" instantly, but now you can show convincing "proof" that factually incorrect things are correct. I'm loading up on as much $SPY/$QQQ as I can so I can get a small slice of our AI Overlords' pie and going off the grid/getting out of the rat race ASAP. Going to enjoy what's left of my life the way I want it and die peacefully knowing I didn't bring innocent kids into this chit show
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02-24-2024, 03:23 PM
#19
Originally Posted By JackyChin⏩
Doubt it. The economy would crash if people couldn't work and spend on merchandise. (Super Ded fkn Srs)
With the advances in AI, IMO you have no business having kids unless you can provide them with a trust fund so they'll never have to work.
18 years from now we will be close to, or at, AGI and jobs will be disappearing forever.
People will be stuck forever at whatever socioeconomic class they were in when the transition begins. The rich will own everything, the poor will survive on government handouts if they're lucky. There will be zero opportunity to work or save.
18 years from now we will be close to, or at, AGI and jobs will be disappearing forever.
People will be stuck forever at whatever socioeconomic class they were in when the transition begins. The rich will own everything, the poor will survive on government handouts if they're lucky. There will be zero opportunity to work or save.
02-24-2024, 03:26 PM
#20
Originally Posted By imbeingcereal⏩
the fuk lol aren't you indian, your parents aren't going to allow you to do that
Why do you want kids is the real question? If you think things are bad with social media and people not agreeing on what the truth is, imagine how bad things will be when AI really takes off and starts creating whatever narrative it wants. Not only can you disseminate "news" instantly, but now you can show convincing "proof" that factually incorrect things are correct. I'm loading up on as much $SPY/$QQQ as I can so I can get a small slice of our AI Overlords' pie and going off the grid/getting out of the rat race ASAP. Going to enjoy what's left of my life the way I want it and die peacefully knowing I didn't bring innocent kids into this chit show
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02-24-2024, 03:26 PM
#21
Originally Posted By r32gojirra⏩
hurting my rent free feelings misc bully
For you not much at all.
For other people, possibly lots.
For other people, possibly lots.
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02-24-2024, 03:37 PM
#22
Originally Posted By TugOfPeace⏩
To much real life.
none, just get on welfare
To many shiit heads having kids that can't even support them nor pass a simple 1st grade reading exam.
Eat My Shortz
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02-24-2024, 03:39 PM
#23
Originally Posted By gmenfan40⏩
"The economy" will do fine. Machines will produce goods, at a lower cost than human labor.
Doubt it. The economy would crash if people couldn't work and spend on merchandise. (Super Ded fkn Srs)
It's just that all the goods will go to the rich since nobody else will have any money.
02-24-2024, 03:46 PM
#24
Originally Posted By JackyChin⏩
How could the rich profit if they’re the only customers? (Super Ded fkn Srs)
"The economy" will do fine. Machines will produce goods, at a lower cost than human labor.
It's just that all the goods will go to the rich since nobody else will have any money.
It's just that all the goods will go to the rich since nobody else will have any money.
02-24-2024, 03:48 PM
#25
Originally Posted By Visel⏩
Are you talking about 60k net income or gross? Because if its gross then that is not enough in California. 60k salary gets you barely a little over 3k per month net. 60% of that income will be eaten up by rent unless you already have a low monthly mortgage payment.
Title.
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
I figure $5k/mo ($60k/yr) is a conservative number for CoL for yourself with a kid. Then there's taxes, 401k, as well as other things that come up. Then you wanna save some extra to invest and stay ahead. So that's the income side.
Net worth side though, if we said $5k/mo CoL, then $150k buys you 2.5 years time if you lose your income.
What says the misc?
I think $125k/yr income and $150k nest egg personally. For most areas in USA.
I figure $5k/mo ($60k/yr) is a conservative number for CoL for yourself with a kid. Then there's taxes, 401k, as well as other things that come up. Then you wanna save some extra to invest and stay ahead. So that's the income side.
Net worth side though, if we said $5k/mo CoL, then $150k buys you 2.5 years time if you lose your income.
What says the misc?
Having a kid like that isn't even something to think about.
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02-24-2024, 03:54 PM
#26
Originally Posted By longfellowdeeds⏩
is 60k a low salary in ca…seems like people with a hs diploma can somewhat easily make $50-60k in the south. can rent a 3br house for $1300-1400
Are you talking about 60k net income or gross? Because if its gross then that is not enough in California. 60k salary gets you barely a little over 3k per month net. 60% of that income will be eaten up by rent unless you already have a low monthly mortgage payment.
Having a kid like that isn't even something to think about.
Having a kid like that isn't even something to think about.
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02-24-2024, 03:59 PM
#27
Originally Posted By gmenfan40⏩
Let's say 99% of people on Earth are suddenly raptured. However, their jobs are still miraculously done by machines.
How could the rich profit if they’re the only customers? (Super Ded fkn Srs)
Now the remaining 1% of the population has 100x the resources per capita. The same amount of land, 1/100 the people. Same for buildings, gold, super yachts, beachfront real estate.
We only need 1/100 the food, so we turn 99% of the food production to a different purpose, building giant hunting resorts full of wild game.
We only need 1/100 the cars, so everybody gets a Ferrari.
We only need 1/100 the medical care, so we turn 99% of the medical establishment into researchers of human longevity instead.
We only need 1/100 the teachers, so every student now gets a private tutor in every subject.
That's how the rich would live.
02-24-2024, 04:15 PM
#28
about tree fiddy
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02-24-2024, 05:07 PM
#29
Originally Posted By Onlinedatingcel⏩
“This situation emphasizes the neurotic greed of the public, the need to indulge in private fancies at the cost of an awareness of real values. The public becomes conditioned to meretricious values. Of course, a free public gradually finds its defences against slogans, but dishonesty and mistrust slip through the barriers of our consciousness and leave behind a gnawing feeling of dissatisfaction. After all, advertising symbolizes the art of making people dissatisfied with what they have. In the meantime it is evident man sustains a continual sneak attack on his better judgment.
Cost isn't the issue. You can raise kids on a budget. It's opportunity cost that's the issue. You need to be so bored and so much money there's nothing better to do.
In our epoch of too many noises and many frustrations, many “free” minds have given up the struggle for decency and individuality. They surrender to the “Zeitgeist,” often without being aware of it. Public opinion moulds our critical thoughts every “day. Unknowingly, we may become opinionated robots. The slow coercion of hypocrisy, of traditions in our culture that have a levelling effect — these things change us. We crave excitement, hair-raising stories, sensation. We search for situations that create superficial fear to cover up inner anxieties. We like to escape into the irrational because we dislike the challenge of self-study and self-thinking. Our leisure time is occupied increasingly by automatized activities in which we take no part: listening to piped-in words and viewing television screens. We hurry along with cars and go to bed with a sleeping pill. This pattern of living in turn may open the way for renewed sneak attacks on our mind. Our boredom may welcome any seductive suggestion.”
Funny how you reverse the closing point.
02-24-2024, 05:08 PM
#30
Nothing justifies brining kids into this world. It’s the most selfish thing a person can do.
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The optimist expects it to change direction
The realist adjusts the sails
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