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Would you like to exchange money with your family? Which of your children will trade for certain wealth?
All parents know what they will answer. none. I never have. No way.
But a new Pew study finds that parents prioritize financial independence and a good career for their children over family and children. Her 88% of parents say it is “very or very important” for their children to be financially independent when they grow up. 88% said the same about their kids having a job they love.
Only 21% of parents said it was “very or very important” for their children to marry, and only 20% felt strongly about having offspring.
This is a big mistake.
For one thing, a stable family means more income. Want to build a good career? get married
It makes sense. A man who swipes on Tinder every night can’t focus on being successful in the same way a man who feeds his family can.
Nor does it apply only to men. According to his October 2021 Pew study, over the past 30 years, couples have earned more than singles. A woman in a couple makes her $8,000 more a year on average than a single woman.
“Since 1990, the gap in economic outcomes between unpartnered and partnered adults has widened,” says Pew. “Among men, the gap is widening because men without partners are doing less well than they did in 1990. But among women, women with partners are doing much better than they did in 1990. So these gaps are widening.”
Married people also pool their own resources. Want your child to be financially secure? Move marriage to the top of your to-do list. A 2017 TD Ameritrade survey found that “29% of single adults think they are financially stable, compared to 43% of married couples who think the same.” . A striking statistic of the data is that married people end up saving more money than single people, even though they often have to take care of the expensive little people they live with. .
Prioritizing money and career will not work. You can’t “have it all”, but in a stable relationship you can have most of it.
Married women have options beyond just cash. The question “Are you going back to work?” The things women are asked after giving birth don’t apply to single women.
And there is a reason for existence. We are only long on this planet. The cliché is true: “On his deathbed, no one said, ‘I wish I had spent more time in the office.'” Your job may be meaningful and important, or it may be just a paycheck, but your family is far more valuable anyway. Your colleagues won’t miss you when you’re gone. Twitter followers may not notice. But if done right, it can leave a legacy that can be passed on to your family.
Everyone says “family comes first”, but sending the message to children to pursue careers over family does the opposite. What is wealth worth if you don’t have something really important?
Of course, parents need to motivate their children to be financially stable. Marriages can always fail, and it’s important to have a career to support yourself. But when the child grows up and one day asks himself “What’s the point?” “To give Chad a slide to explain our presentation.”
If you understand this and raise children who value finding the right spouse and having children, you will have a career and financial security.
Twitter: @Karol
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