Unfortunately, that is the other side of the coin. Most people who have children at young ages tend to be less well off financially for the rest of their lives than people who wait until late to have children. That is simply because time and principle are the only factors that really matter in building wealth.
This difference can also be taken to absurd extremes though. I honestly wonder why single people without children in my line of work aren't millionaires just based upon the compensation of their day jobs. After having 5 military deployments I can live in a cardboard box and would require only the cheapest of cars to commute to work. I don't spend money very often.
> I honestly wonder why single people without children in my line of work aren't millionaires just based upon the compensation of their day jobs.
I'm not sure that people who never have children necessarily end up with more wealth than people who do have children, due to psychological impacts.
Having a kid can inspire parents to get their shit together and succeed financially and think about the future, compared to a single person just spending on their hobbies and playing video games.
This difference can also be taken to absurd extremes though. I honestly wonder why single people without children in my line of work aren't millionaires just based upon the compensation of their day jobs. After having 5 military deployments I can live in a cardboard box and would require only the cheapest of cars to commute to work. I don't spend money very often.