One reason why millennials delay marriage and family has to do with cost.
A home is no longer 4x income but, say, 12x. And saving for a down payment takes much longer. Rent too has gone up so that a 2-3 bedroom townhome or equivalent could be $4000 + all sorts of fees. It makes it FEEL unaffordable since the cost of living has risen fast since the 90s.
However, I also think that millennials as a rule can afford children, but they’d have re-shape their whole lives. If they are DINKY, one partner would probably need to work part time. They may need to move out of a very expensive city to a cheaper one, get new jobs. [Read more…] about How to Afford a Family as a Millennial or Old Gen-Zer