Strollerderby

Is Child No. 3 a Luxury Good?

Posted by Madeline Holler

If there's one person who has made the child/commerce connection, it's Pamela Paul. She's the author of Parenting, Inc. and Babble contributor with a dispatch this week that, and perhaps I'm speaking only for myself here, reassured those of us parents who never managed to follow through on the baby sign language classes, thereby condemning our children to low IQs and drool.

Well, she's digging in deeper to the idea of kids and cost in a recent Washington Post essay, where she's talking about the status of the third child, particularly for those raising their families in expensive cities. Apparently, Baby No. 3 is something of a luxury good. Or, as some would believe, a completely insane, misguided, poorly thought out idea that she and her husband -- New York City dwellers and parents of two -- will nonetheless be adding to their lives.

Kids these days are expensive (private schools! nannies! 70 new toys a year!) and they take up precious real-estate. So no wonder, she argues, there's the perception that a third (or fourth or sixth) child is an achievement bestowed only on the fabulously wealthy. It's also something people of means are largely doing, rather than the recession-sensitive middle-class. The showoffs!

From washingtonpost.com

It's true that, following in the designer maternity clothes of such fecund celebrities as Posh Spice (three kids) and Angelina Jolie (speculatively six), most of the people going for a third baby are well-heeled moms and their high-salaried husbands. A February analysis of Current Population Survey data by the Council on Contemporary Families found that in the past 10 years, the top-earning 1.3 percent of the population has seen an uptick in families with three or more children. According to the National Center for Health Statistics, 12 percent of upper-income women had three children or more in 2002, compared with only 3 percent in 1995. 

She also cites that breathtaking stat that each child costs on average $204,060 to house, clothe, educate and entertain until the age of 18. (Jeez, my kids are the ones holding THAT number down ...)

So what do you think? Did you trade in financial security and your Birken bag for a third child? Are large families just for crazy ladies like Angelina and that Mormon mom in the RV?

 

Image: Celebrityhack.com 


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Comments

 

Maureen said:

Well, I only have 2 children, but my husband and I talk about a third.  The only reason we hesitate -- and probably won't take the plunge -- is money.  My mom (who had seven) laughs and says, "I never even thought about that."  I guess that's why most of her kids didn't go to college:)  

But if we had the money, there is no question we would have a third child.  My husband and I both work and the idea of paying for childcare for 3 kids is out of the question, as is me quitting my job.  I'll leave the big families to the rich folks.

April 10, 2008 12:00 AM
 

Sherry said:

We could probably afford three if we budgeted carefully, but we can give the two we already have a better quality of life if we don't so we won't.  Also, I don't think I can deal with another go around of pregnancy and childbirth fun, then the constant feedings, sleepless nights, millions of dirty diapers, etc.  That is probably actually a bigger reason for me than money to be honest, but my husband would probalby say money.  

April 10, 2008 12:29 AM
 

Manjari said:

I think I am done having children now that I have my twins. If we were to win the lottery tomorrow, that would change. I think I would definitely have a third baby if money were no problem.

April 11, 2008 8:39 AM
 

Don Mills Diva said:

I think I would have a much larger family if I were really wealthy. But the thing is we have far more money than either of our parents did - it's just that we have a much much higher standard of living and are more reluctant to jeopardize that - maybe it's because we started our family later and are more used to it - I don't know - I do feel kinda sad about it sometimes...

April 11, 2008 10:47 AM

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