Theoretically you could hit replacement rate by making everyone a millionaire but I don’t know how that could work.
I doubt this would work. Financially, my family is towards the middle of that chart now. We were lower when we had our first kid and only a bit improved when we had our second. And honestly, it was pretty touch and go whether or not we would have the second. Our first was a handful as a baby and it left us wondering if we could handle a second. Thankfully, he calmed down a lot (or we just got used to the new normal) by the time he was pushing 18 months. After we had the second one though, I fully embraced the “cut my nuts off” solution to birth control (vasectomy). I don’t regret that choice at all. None of that was ever about finances. It was simply about the fact that raising children is hard and takes a lot of time.
Ultimately, I think the decline in birth rates isn’t about finances or selfishness, it’s just a change in social norms. Society has spent decades training people to the “nuclear family”. Movies, TV, and other media has pushed the “2 kids and 1.5 dogs in a home in the suburbs” for so long, that people internalized it. So, folks who do want to have kids shoot for that. Having 4 or 5 kids is now seen as an oddity, rather than the norm.
There is also a much better acceptance of women as something other than a walking womb to be filled. We no longer look at an unmarried woman in her 20’s or 30’s as some sort of spinster to be shunned. Sure, negative stereotypes still exist (e.g. Crazy cat lady); but, it’s much rarer for fathers to be selling off their 16 year old daughters to 40 or 50 year old men as child brides to be kept barefoot, pregnant and in the kitchen for the next 30+ years of their life. Women are expected to have full lives now, which may or may not involve raising children. As one might expect, many have taken full advantage of that and simply chose to not have any. This move from what amounts to sexual slavery to being treated as an actual person is going to mean there are fewer women having children and many of them delaying until they are actually old enough to make an informed decision about it.
I doubt this would work. Financially, my family is towards the middle of that chart now. We were lower when we had our first kid and only a bit improved when we had our second. And honestly, it was pretty touch and go whether or not we would have the second. Our first was a handful as a baby and it left us wondering if we could handle a second. Thankfully, he calmed down a lot (or we just got used to the new normal) by the time he was pushing 18 months. After we had the second one though, I fully embraced the “cut my nuts off” solution to birth control (vasectomy). I don’t regret that choice at all. None of that was ever about finances. It was simply about the fact that raising children is hard and takes a lot of time.
Ultimately, I think the decline in birth rates isn’t about finances or selfishness, it’s just a change in social norms. Society has spent decades training people to the “nuclear family”. Movies, TV, and other media has pushed the “2 kids and 1.5 dogs in a home in the suburbs” for so long, that people internalized it. So, folks who do want to have kids shoot for that. Having 4 or 5 kids is now seen as an oddity, rather than the norm.
There is also a much better acceptance of women as something other than a walking womb to be filled. We no longer look at an unmarried woman in her 20’s or 30’s as some sort of spinster to be shunned. Sure, negative stereotypes still exist (e.g. Crazy cat lady); but, it’s much rarer for fathers to be selling off their 16 year old daughters to 40 or 50 year old men as child brides to be kept barefoot, pregnant and in the kitchen for the next 30+ years of their life. Women are expected to have full lives now, which may or may not involve raising children. As one might expect, many have taken full advantage of that and simply chose to not have any. This move from what amounts to sexual slavery to being treated as an actual person is going to mean there are fewer women having children and many of them delaying until they are actually old enough to make an informed decision about it.