Stay-at-home Parent vs. Dual Income Household
Just wondering how people view the different trade-offs here. I grew up in the suburbs with a permanent stay at home mother and definitely would not trade that experience to grow up with double the income and two working parents. That said, dual income households seem to be more popular today vs. two decades ago due to a) rising cost of living and b) greater population of women in careers. However, you also have to consider that the second income is taxed at a much higher marginal rate, and that daycare + nannies are very expensive. After the taxes and extra expenses, that second income might barely! Plus I think there are developmental benefits to having your children spend more time with their parents vs. in the care of non-family.
Particularly interested to hear if anyone who is currently or grew up in a dual income household feels that it's a better arrangement.