alt Hacker NewsI've known many families around that age (+/- 5 years) with a stay at home spouse taking care of multiple kids. It really shapes their lifestyle in a lot of ways (smaller/older house, rarely eat out, rarely big family vacations, clothes/toys often from secondhand consignment stores, fewer/cheaper vehicles, etc.), but that's what's important to them so that's how they've set their priorities. Most didn't come from extremely wealthy backgrounds so its not necessarily like other wealthy people are propping them up, although a few are like that.
It may very well be impossible in certain markets but I wouldn't say its true across every family with the parents being around 30 years old.
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This discussion gets me every single time. All three of my younger sisters are stay at home moms and their husbands make less than I do, and they have kids, whereas I don't. Until you're at least a deca-millionaire, no amount of money will ever feel like enough and you'll be stressed, or at least I will be, and I'm sure my sisters are, but the material differences in our day to day lives are nil. Their houses are smaller and they live in the middle of nowhere, whereas I live downtown in a major metro, but I also barely leave the house, so what difference does it make?
Everybody who thinks they absolutely cannot do it needs to take a long hard look in the mirror and ask how it is that 7 billion or so other people manage it with even less. It's nice not ever worrying about bills or paying much attention to what anything costs, but it's not that nice. I'm not actually any happier now than when I was living with four guys in a two bed apartment in the slums of Long Beach.
That's mostly speaking personal anecdote and live in a wealthy area. So that drives the point