> Kids cost roughly $270k (2022 inflation adjusted from earlier USDA data) to raise from birth to 18. Each child. Can you afford a Supercar or a fancy boat? If not, how can you afford a kid?
an 18 year auto loan sounds like a bad idea. but $15k (nominal) per year is less than state university tuition.
Back out from current housing, healthcare, food, fuel and other non discretionary costs to what wage/income you’d need to be in the black including the cost of children. Last I checked, the math doesn’t pencil out until you’re hitting ~$50k-$60k/year, a bit below median income ($67k/year), and you’re cutting it really close.
Reasoning from first principles is depressing sometimes.
an 18 year auto loan sounds like a bad idea. but $15k (nominal) per year is less than state university tuition.