A 2021 study by the Census revealed that childless adults age 55 and older had a median net worth of $153,900 compared to $130,400 for biological parents.
Thanks much better, however “Correlation does not imply causation” which is obvious in this case (and as the source itself say, the correlation is probably about education instead etc). The problem is much more complex and trying to explain it with a simple correlation is a bit naive, however you can’t deny how much of an economic struggle raising a kid is for the average income family…
I never claimed having kids wasn’t a financial endeavor. I’m just pointing out that people with more income have on average less kids… because they do. I didn’t suppose the cause of this correlation at any point. But yes, I’d agree education is a huge part of the cause of this correlation.
Thanks much better, however “Correlation does not imply causation” which is obvious in this case (and as the source itself say, the correlation is probably about education instead etc). The problem is much more complex and trying to explain it with a simple correlation is a bit naive, however you can’t deny how much of an economic struggle raising a kid is for the average income family…
I never claimed having kids wasn’t a financial endeavor. I’m just pointing out that people with more income have on average less kids… because they do. I didn’t suppose the cause of this correlation at any point. But yes, I’d agree education is a huge part of the cause of this correlation.