@@lucasdarianschwendlervieir3714 Daycare makes sense for working moms that are drawing an income and can’t easily get leave from their careers (or prefer to work). But she isn’t earning any money and therefore it’s costing their family $5-$10k per month for daycare when she had the capacity to take care of them for now.
I had to stop one minute and 30 seconds into this news story. You are interviewing the WRONG people. This couple has financial choices. They choose to pay $5,000 for rent, then $5,000 for child care. I hope you have interviewed real working people.
Regina Johnson agreed they keep choosing the wrong people to interview. It’s one extreme to the next. I remember this Diane Sawyer clip “my reality” middle class Americans struggling. ua-cam.com/video/Hhh0Qcl_yMA/v-deo.html The husband is out there working 3 jobs, and the mom stays home. In both cases it’s obvious the mom should use her college degree and find a job that will cover reasonably priced daycare and help pay the other expenses. In this 2 income economy it’s a luxury to get to stay home with the kids.
@Laura C all a financial advisor does is make suggestions, and I am certain that their financial advisor did not suggest a $5000 per month apartment and a $5000 per month daycare to a one-income, $100K per year couple. Even if he did, financial advisors ADVISE. They don't COMMAND.
If one partner makes 100k and the other makes none, but spends 60 a year in daycare, I feel like the one making none could save 60k a year by staying home.
@GamingTV Notice that I said partner, not wife. If she could go back to work and make more than him, she should. And we do need to value her time/labor as well. If she took on the responsibility of daytime childcare, it would be like a bonus in the family income of about 60k/yr. There can be a stay at home partner without it devolving into sexism, like in your comment.
I was thinking the same way or do home school. The thing is if they live in NYC, most elementary schools would prefer and admit kids that has gone to a preschool. I work in this world so I get it but like move to Brooklyn or Queens! I’m sure there are more affordable areas here. I live in Manhattan and I’m an After school and enrichment school provider and worked as an admin in the preschool setting
Garrett Pierman thank you!!!😁 he didn’t even know how to spell chauvinist🙄 and actually thinks in today’s current economy, it’s “overly ambitious” for women men to want to work and make income.
‘When the money runs out in a few months I have no idea what to do’... here is an idea: take care of your own kids, or get a real job and move to a more affordable city. There are honestly people with real problems. Single mothers who work 3 jobs. Im not even going to finish watching this. This intro spoiled the whole thing. Remake please.
They had a single mom on there but she only got a phone interview. I would’ve spent more time with the single mom and then found a joe everybody couple like a teacher, nurse, police officer, etc. They ruined their video by picking the wrong example.
I can’t feel bad for them. My dad did grad school and worked full time on a teacher’s salary while my mom worked darling mornings at a hospital while raising 3 toddlers . When you breed them you need to feed them. Child planning is key to financial freedom.
@@danielblack4190 He makes 100,000 a year...that is a great paying job. The reason its so expensive is because they live in NY!!!! rent is high there. Im surprised they didn't consider child care before having children...
And may even charge parents when they take off for vacation and aren’t actually taking care of the kids so the parents gotta pay them and someone else to actually watch them
@@bryanmiller476 You're paying to reserve your child's spot, which is addressed in the paperwork you sign when you enroll. If they didn't charge and someone else came along to fill your child's unreserved space what would you do after vacation?
Imagine how much it's going to cost with so many centers closing down permanently and many people who have worked in childcare for almost 20 years looking to get out as we were treated as if we could just get covid and deal with it, there are more people leaving than coming in, because even with a degree the pay is very low, imagine going to college for a bachelors degree and making maybe $16 an hour if you're lucky, with little to no benefits etc and having to deal with abusive from children and parents alike. A lot of us think the industry is going to collapse.
@@dtcanxz Yeah well that's just her ego, started a business and makes no salary. Instead of sucking it up and getting a job to make ends meet she doesnt seem that interested in helping herself/her family.
" rent is $5000 , daycare is $5000 for 3 kids" okay so you choose to live beyond your means on no salary and no actual jobs and start a business with no pay back ?
It seems like they found one of the most ridiculous examples for proving their point. Daycare is not $5,000 a month for the vast majority of people. It is probably some special day care where the rich or famous send their kids. They need to redo this episode with regular folks.
@@BurgundyandBlue1111 Before and after school care in my tiny, middle of nowhere town came to 2k/month for me and one sibling, I have no doubt that it could reasonably cost 5k for all day care in NYC. That being said, why would you still live in MANHATTAN?
As an ex Day care teacher, I can tell you, the amount of money these parents pay is insane, but what's more insane is the way the teachers are treated by the parents and directors of the centers. Horrible pay, and total disrespect.
@@xijinping1474 Dang it. My country, Korea is in the same situation. It's not easy for young people to buy a house especially if they live in a big city like Seoul. Basically life sucks for most people even including some super rich people. Hope you do it well in the Netherlands which is a beautiful country.
Fr I cannot feel bad for people who sold there stocks because their financial advisers told them to. Must be hard to have an emergency fun and actually use it.
This is not an issue of "not being able to afford kids." That statement is showing what the true issue is, it's a cultural issue of not accepting children in a realistic way and not accepting them as part of the culture. People are truly being taken advantage of, although not in the above clip, that's their own choices that they made, but, maybe they were rudely edited to cut out their main points.
This is exactly what I was thinking!!! My childcare for one kid in Idaho was $700 a month. So if/when I was working, that was doable. But if my child care was more than I was making, I wouldn’t keep doing it. I run a non-profit, don’t collect a paycheck...why would I make a negative when there doesn’t need to be one?? I have four kids, you can run a business or non-profit from home and save 5k a month. Or not work!! Or work in the field that you were in prior so you can pay the bill. I don’t feel this is a good story portrayal of an actual average family in the US
Wow I thought child care in the UK was high. At my sons nursery full time place 8am to 6pm is £250 week. We also get 9 months merternity pay and dad's 2 weeks. I don't understand why this woman is working when she is spending her savings to send the kids care.
Wait...stop...am I suppose to feel sorry for a person who voluntarily spends 5k a month on daycare to go to a job that pays nothing? Do your hobby when your husband is home.
Excellent case for staying home with the children. If I'm gonna have to budget and struggle, I rather be the one raising my kids, not paying someone else to do it.
AMEN. Career is worthless compared to raising a family. The second my baby cries I can feed and or change them, I wouldn’t give that up for more money!!!
@@marciamartins1992Poor women shouldn't have children. Poor women need to focus on birth control. It's selfish and unfair to bring a child into the world only to raise them under poverty.
The husband was what - all I heard was ART and NON PROFIT and my brain short circuited. HOW is that even a job !!!!!!!!! Three kids in NY !!! NOT a lot of New Yorkers can relate !
@@mmspost7921 that's not the worse part he makes 100k a yr after taxes so that's fine the worse part is the mom has a start up that's making her unable to watch her kids that is not profiting at all she should definitely drop that and pick it up once her kids or old enough OR get an actual job
@@roslyn-rose124 Exactly. My wife and I raise our kids without child care. She works part-time 3-4 days a week evenings, I work full-time days. We are also lucky enough to live close to extended family who are willing to help us out every so often in a pinch.
@@roslyn-rose124 or maybe move to a nice suburb in the South where they could live a great middle class without never having to worry about money if the husb could find a job that paid even half of what he currently earns.
They’re doing this on purpose so they can use it as an unrealistic example of why the govt should pay. Why should tax payers pay for her kids? She doesn’t have a job!
@@kimberlyy911 I don't understand why people have kids and then complain about the costs! She has THREE and should have thought about the financial implications before she had them. It really makes no sense.
@@americancreole6299 The thing is, this couple (she's not a single parent, remember) _can_ afford those kids. They're choosing to stay in this position, unlike most people struggling to pay for childcare. That's why I object to using them as an example.
@@kimberlyy911 here is a realistic example. My husband and I bring in 150k a yr combined. My monthly income alone is the exact price of childcare a month in California. You must pay for all days even days they don't attend.
She's probably hoping she's the Facebook of mommies and will be able to get a bigger Manhattan apartment. Many of us work and hope for better, but in the meantime make sure we can pay rent and feed the family without exhausting savings. She was hoping her business would suddenly fly and save everyone.
@@wnxdafriz you know what they call a "business" that doesn't create a profit (let alone income)? A hobby. She has a hobby. She can work on getting her hobby business going while she watches the kids, she just has no desire to and plays the victim card.
Literally everyone in the comments section can tell you the mistakes these parents are making. Expensive childcare aside, they have made extremely poor financial decisions.
“My nanny called in sick”, “my rent is 5k and my daycare costs 5k”. Apparently they’re trapped in the most expensive city in America. Is this a joke????
I mean, it's Manhattan. If they left and moved someplace cheaper they would get paid less or possibly not be able to get a job in their field. Like, this is how metropolitan areas work.
@@HaShomeret they could go live in a suburb outside Boston and commute in to work and save tons of money and still get paid the same in their field, seriously.
HaShomeret if they lived in Staten Island and took the ferry they could save so much. Or jersey. Manhattan is prob the most expensive place on the world except for like luxury cities like Dubai
that couple is just bad at finances why do you have a 5 k apartment , then why do you spend 5k in childcare a full time nanny $15-25 for 10 hours a day for a month costs 2400-4000 .
@@RedLeaderTrackMaster I'm from az here the living from a studio to a house us any where from 600 to 1300 depending in what part of Arizona and where you live in
And we don't, which is why more people are leaving the field than entering. We were on schedule to hit a teacher shortage in 2020 prior to COVID, with many centers shutting down and us being treated as expendable (Public Schools closed but we are expected to remain open?) more people are trying to leave this field for good, I am hoping to take some classes to learn a new profession, if I can get out of this field I will never come back.
Actually you can get an apartment for a lot less than 5K. I think they chose a very expensive apartment. And if she doesn't get any money for her job she can easily stay home I take care of her kids still young enough they don't need daycare.
I have one child. ONE. That's enough for me. I'm lucky enough to have an amazing sitter at a flat rate only on days I need her. If I had a second child I don't think I could keep her...then I'd be stuck between a rock and a hard place. So I don't have another one.
Live in Manhattan. Goes to work for a job that makes no money instead of staying home and taking care of the kids. Chose to have 3 kids. I wonder why you can't afford child care.
You can't really live in NYC under $100k a year. And thats to scrape by. Move to a lot of other places and you can live like a king on a single income.
@@p51mustang24 The median household income in NYC is only half that, so not only is it possible, the majority of New Yorkers do so. That being said, it would be a struggle for a couple with even a single child in NYC to make it on less than $100k per year.
$5,000 rent & $5,000 child care - you have already exceeded the monthly income for most people. That's not even covering food, insurance, utilities, etc
And then they always point out "well Denmark and Sweden and Finland all get childcare paid for by the government, so why don't we?" Because those citizens actually earn those benefits by paying like triple the taxes we do.
From a spending habit, you are in total control. Here are my observations. 1. You live in an expensive area, move to cheaper accommodations. 2. You have an expensive Bugaboo stroller, 3 x Stokke Tripp Trap high Chairs. You can get substitutes for less than half the costs of those! 3. Your dining table is solid wood, looks expensive, why not IKEA? 4. You have a pet dog, a discretionary spend. 5. Apple Macbook and Apple watch, how about a Dell PC and Android watch or a simple watch. 6. It appears you have at least one Baby Letto Crib, again, why not a cheaper substitute from Ikea or Walmart? 7. An finally......... You guys need to make better financial decisions. You can thank me and fire your financial advisor.
Exactly the advisor needs to be fired! He should be looking out for them and finding them cheaper accommodations so they can stay within their means. They're about to drive themselves into massive debt that's completely preventable. Like do they have any student loans still as well? Who knows how much they're paying for their car. Bro a whole mess. If I made 5k a month I'd be so happy and comfortable even 3k I'd be happy about but these guys.... just....😑
but they NEED those things so they can keep up their elitist image and show off to all their friends and extended family. Anyone in NYC should be automatically excluded as examples for what "American life" looks like.
I noticed the stroller also! 😂 they could be doing so much better by not living in NYC. It's not like he has a great job there! 100k before taxes is basically low income in NYC
Yeah so true, like I get that childcare is expensive, but like can't they move somewhere a bit cheaper? And FR do they have to live in New York City, one of the most expensive places in the world... And I kinda got an impression that the mom doesn't work, so why can't she look after the kids if her husband is making bank.
Those families qualify for the Head Start program and receive free childcare. That's why they are focusing on middle class families in this piece. They make too much to qualify for Head Start, but don't make enough to pay it on their own.
SuperMrsMar you have to be able to get in tho. We have been on the lost for over a year. Bc they own all of the daycares in my town. It’s ridiculous trying to find childcare I’d pay but can’t find a daycare around here that’s not income based or is that your not on a list waiting for years.
I agree. It seems this page has been flooded by people distracted by this one family and who are ignoring the overall problem. I wish they'd focused on the single mother with two children.
@@Anna-ie6wt My dear, Annabella, it is not about how much you spend on daycare, it's about looking at your situation and do what's best. If she moves to BK, Queens, BX, SI, or Jersey, rent would be 2000 to 3000. She stays home and takes care of the kids herself, tadah~~~ suddenly they have money again.
You just lost me when this woman said “” financial advisor “” The majority of the population whether college educated or not does not have the income to create the need for a financial advisor. This couple would be considered upper middle class at what their income is and what they pay a month in just rent alone regardless of what city they live in. You guys are WAAAY WAAAY out of touch with the majority of people in this country if you think this family is representative of the population as a whole.😂😂😂
I know lots of blue collar workers who have financial advisors starting in the mid thirties. They all work in trade type jobs, not college educated, and work hard, spend wisely, and don't live above their means. Being successful in anything, including life, is making more, good, impactful decisions than bad ones. It's a simple recipe but a lot of people really f it up.
@@brockjohnson100 Yep- financial advisors who sit with you on a couch and teach you how to do your own trading like in the tv commercials are for the rich. But financial advisors who will put your money into an investment portfolio and meet with you once or twice a year to give you updates are for everybody who has any money to set aside every month.
My wife and I spent over $100k on childcare, raising two kids living just outside of Baltimore betwixt 2013 -2016. We worked hard, I put together a side hustle, we paid the bills & kept moving forward. The concept formerly known as *_personal responsibility_* must be dead, buried and all but forgotten - for it is never mentioned. If you plan to have children, you first must consider how you're going to pay for their care, especially during the early years. If you cannot afford child-care costs, and you're still raw-dawgin, take some *_personal responsibility_* and get up on some proper birth control. Why don't we hear more from Nathan, Rebekah's husband? We never hear his thoughts one-on-one, about the state of the family expenses? Actually, we never hear Nathan's thoughts about much of anything. The conscious decision to spend $5k/month on childcare whilst spending $5k/month for an apartment, as part of the family budget, prescribed by a woman who is "afraid to discuss it with her broker", is a recipe for disaster.
"The concept formerly known as personal responsibility must be dead, buried and all but forgotten - for it is never mentioned", and yet you're proud to send (and spend 100K) your greatest responsibility i.e your children in the care of strangers, what a ridiculously bizarre mentality.
@@Claude-Vanlalhruaia Huh? Never mentioned sending my own children to the care of paid strangers. My Mom watched my children everyday. In exchange, we paid for her house to be remodeled after they started in school. *_TRUST !!_* ♂≠♀
@@ivandrago1133 Montana also does not offer much in the way of higher paying jobs, accessible childcare or schooling, and really though...who wants to live in Montana? With that being said, its the same issues as what I see where I live (midwest). Fairly inexpensive in regards to rent or mortgage payments, but finding a job or job that pays as much as what someone could be making in a larger city, is non-existent. As an example, I am studying to be an engineer. With a years worth of practical experience, along with an internship or two, I can look forward to 60k a year job..Sounds nice on paper, but factor in childcare, mortgage payments, etc. etc, it gets to a point where cost starts to outweigh income. Basically, it comes down too, our "system" in the US needs federal support badly.
😐 I don't feel any sympathy for this clueless couple. You have a "job" you can potentially do from home, or a limited time away from home, so daycare shouldn't be used, especially at $5,000/month!! Move to a less expensive home ASAP! Pure insanity!
I got a tubal in 1983 when I was 27. I was finally able to afford to go to college, and I wasn't going to ruin it with a pregnancy and a child. I've never regretted it.
@@Ricky_Spanishh Yeah, you know SO much about me. Remind me again when we met. I am EXTREMELY happy. My best friend, on the other hand, spends much of his time worrying about a drug-addicted son who seems to have disappeared. Yep, that's joy all right.
@rich dobbs, that’s not the question to be asked. The questions should be: 1) why does a non-profit pay someone $100k/year? 2) why does a non-profit need an art director?
@@ineedhoez Yeah... so why do so many people cling to the idea of living there? I just don't get it. If you can afford to move, why not relocate somewhere that isn't going to ruin you financially? I get that Manhattan is a cool place to be, but it hardly seems worth it.
I think the wife is more than happy to unload the kids elsewhere during the day. They could hire a nanny far cheaper than what they're paying for daycare.
@@camilleonz558 the thing is we'd need to pay around three times what we do in taxes in order to make that happen. People in Denmark, Sweden, the Netherlands and Finland all earn those benefits, they don't just get it handed to them.
Amanda Jones So true! I’m a preschool educator and you are right. I live in Canada so it’s a decent pay but it could’ve been a bit better. It’s not minimum wage but i went to school and studied to become an educator so $20 per hour could have been $30 per hour
Since she's bringing in $0 per month why can't she watch her own damned kids? Does she really hate them so much she'll bankrupt her family to avoid having to spend time with them? Feel bad for the husband, having to support her delusional spending. Is that why we need socialized child care? So moms without jobs can live beyond their means instead of taking care of their own children?
This family is the worst profile. She’s a mother of three in nyc and she’s volunteering. Get a real job and maybe you wouldn’t have to live on your savings.
BP I think everyone if are ready, able, and mentally stable should have a child if they can. One at least. But not working, living off one income and having 3, they set themselves up. What if they get a divorce. Then what would she do?
Does THIS family's life change anything about the actual issue with the cost of childcare for Most American families? NO. But I guess it makes people feel smug to point it out. Doesn't help anything, but hey if it makes you feel better.
@@mutoidliz2320 Then at least she could get a job that actually pays. I mean it's fine to want to start a business, but to do so right after having 3 children(which is a poor choice in and of itself given the financial situation) is just a bad idea. Fact of the matter is, they didn't just make one poor financial choice. They made at least 3. Living in NYC Having 3 children Starting a business that doesn't earn a profit (over working a regular job) Any single one is fine and is something one can work through. But together? It turns into a typical "I torpedoed my family's financial stability and let's blame society" Also, the primary reason people are pushing her to be SHAM instead of him being SHAD is because she earns less. If he earned less, I don't know about others, but I'd push for him to be SHAD. Fact of the matter is, if the lower earning member of the two parent earn less than the cost of child care, that member should stay at home instead, regardless of gender.
My wife stayed home 5 years when our kids were young. She has a Masters degree and did some consulting for 10 hours a month. It was enough to keep her mentally stimulated, and found a higher paying job in 3 weeks when our daughter entered 1st grade.
Blows my mind, she was a lobbyist. She likely was making more than 100k a year. Whoever is making the most money keep your job to support your partner and children. Absolutely bonkers
It’s even more mind blowing that she spent her downpayment money she saved to take her kids to child care. Buying a condo or house probably would have decreased the housing price for each month since in NYC owning is cheaper than renting as it is in most major cities
You might not agree with their choices. I know I don't. When you have children they have to come first. I think the point their making is that this well to do family can't afford child care. Imagine a family with minimum wage. What will they do? Probably won't be able to afford children and, in a few years, the population will dwindle and then you'll have to pay people to have children.
The central question of “why is childcare so expensive” was never answered. The video went over some examples of people struggling to pay for it and of possible government solutions but never actually answered the question. Why did childcare go up in price much faster than inflation?
Since the ratio of child care providers per child in licensed has been standardized for a long time, my guess is a combination of cost of facilities (housing goes up faster than nominal inflation), and more of the market showing up in the licensed facilities in more expensive areas. Might also be affected by fewer folks being able utilize low cost relatives.
Child care workers are still most underpaid. So i have no clue how people think the cost went it. The cost is up because the profit in bewteen the employees and the owners.
They did show how much it costs a crnter to run a daycare. It costs alot! That plus the cost of living = the cost of daycare. She even said that she talked to a daycare providet and she is even lucky if she breaks even.
@@richdobbs6595 So the answer is that cost went up due to new government regulation in regards to child welfare and the housing bubble. I'll take that, thanks.
Pretty sure it would just be Dave yelling, family makes negative 55k a year, mom needs to get a job or keep the kids home 3 days a week. Family also needs to move out of Manhattan, even if just to another Burrough.
If you have to pull from your savings to finance your life, you can't afford your life. They need to rethink their priorities and start living within their means, even if it means leaving NYC.
FLYTAILS MOBILE SALON AGREED! And why live in an apartment that is 5k a month! Move to Queens and it’ll be a fraction of the cost. Also, go get a real paying job.
I'm doing the math and between the retina child Care income doesn't even cover that this is not accurate. I'm sorry I never paid $5,000 a month for my 3 kids childcare. Yes I did pay five thousand a month when they were in private school three of them but no not on childcare and I'm sorry you can live in a much cheaper place in $5,000 a month and have it be decent I was only paying why on my home at the time so I was like paying less than $1,000 for a three-bedroom two-story house come on now
@@Nefus1988 New York has a lot to offer. I personally don't care for children and being single I see taxes for childcare as wrong because I'm paying for something I will never get a return on. Whereas universal healthcare I may pay more in taxes but I know there is a service I can get and most like will use.
@@mpowe123 You get a return on childcare. If you only pay for healthcare and not childcare when you get old the system goes broke and there's no one else's children to wipe your butt. Other people's children are your investment, too.
@@mpowe123 we need people to have kids. Children quite literally need to be born for everything else in this country to exist. If the birth rate becomes to low in the US we will be having the same problems Japan currently faces or Italy. Not to mention that proper care for children can help to avoid future issues with violence and education. These children will eventually enter the workforce and some will probably become the doctors that save your life.
@GamingTV She said she had a career as a lobbyist. She could easily find a high-paying job, easily. The reason she doesn't want to is because the family would lose their government benefits. And yes, if you are a family of 5 living on $100K in Manhattan, you are eligible for daycare and housing stipends.
I'm sorry but a lot of their issues would disappear if they just left Manhattan. The rising cost of daycare is an issue in this country but they're blatantly not being wise with money. The guy makes six figures, for God's sake.
Six figures means crap when you have three little ones!!! So much money goes into diapers, pull ups, formula, clothing, and etc. The list goes on with three small kids that it doesn’t matter how much you make because it’s never enough.
I hope the makers of this video read the comments below and see that placing that NY couple did not help their cause. $5000 a month for rent....I wife that left a paying job for a non paying pay! You are making a mockery of the real people out there that truly have child care issues.
They chose to profile a 2-parent family with the most bass ackwards financial sense. $5000/month on rent, (which is about 92% of their net income) there's one problem right there. Never mind the ridiculous child care cost. How bout one parent staying home and watch the kids instead of engaging in endeavors that generate no income. This is just a family living beyond their means. Sorry, no sympathy here.
Self-destructive Behavior. Stop spending $5000 on rent. Live in a house you can afford. Stop complaining, this is the definition of privilege. Take the damn public bus from your Far Away Home if you have to, stop complaining if you're spending five grand a month on rent
@@johnhynden1588 I wish I was $100,000 poor. Maybe that's poor in Manhattan, but they should leave Manhattan. I had to move for better housing prices, people can survive that.
@@MilwaukeeWoman $100K in NYC is average if you're lucky all over NYC. Even if they moved to an outer borough and cut $2K off the rent, that would still leave them in the hole
@@MilwaukeeWoman can't move if that's were the high paying job is. I mean I would die to make 100k seriously I make less than 16k but it's also cheaper where I live.
Having been a nanny in NY, and can say that a nice stroller is a essential, the bugaboo is well made and can be sold after they are finished with it. I just bought a bugaboo second hand and it wasn’t much more than a Graco stroller, or something I would have to replace in a few years.
dird89 😂 I mean, no judgement here if that’s what you want to do! Some parents decide to have a second or third child, and need a new stroller. I just meant that with the bugaboo you wouldn’t need to replace it. It would hold up, and you can buy replacement fabric. Or, you could sell it. Good luck trying to seek a three year old chicco stroller. This really isn’t a priority if you live in city that’s drive-able, but in NYC you walk everywhere. Good shoes, and good strollers are much more important. I’ve seen a lot of strollers in my day head for landfills after their 2-3 years of service. Anyway, I am just a fan, having used this one in NY, and just bought one myself for my baby on the way!
@@msunje9862If there's a chance your spouse could leave you... Why not... Just... Not... Have... Kids. You don't need to have children, and it could leave you with a massive burden, and cause someone else extreme suffering.
@@msunje9862 LOL I'm a SAHW, if my husband leaves me I'm leaving with 50% of his assets, including our house, plus alimony and child support. That is more than the measly severance your boss would give you if he fires you, I can assure you! The mother from the video is earning zero money wit her volunteer "business" yet spends $5k on childcare instead of Savin the money by staying home and then paying a mortgage with that instead that would benefit the whole family. They are just dumb. And this false feminist thinking is only gonna put women in more debt.
@@catbeara yes moving costs money and you need a job lined up in the new area. Also when an area's cost of living is lower, the salary is lower too and then you're in the same position as before you moved. But this time away from friends and family so possibly worse
@@bubblegumBri her "job" is unpaid, and is her own business which means she could probably run it elsewhere. And he can commute. Sure, moving costs money... But they're spending *thousands* a month on childcare. They could've used some of the money they had in savings to move. 🙄 They would've had plenty of money to go elsewhere if they weren't so determined to live beyond their means for as long as possible. Also, neither of them appear to even be trying to find a job elsewhere.
*I'm trying to do the math but I'm having a problem. Please Help!* *She doesn't have a JOB right? **0:42** So why the HELL do you need "DAY"care when you don't have a job during the DAY?*
Ben J I believe she runs a “business” which genuinely sounds like it’s just a hobby. everyone is supperrrr confused why she pays for childcare when she has a job that brings her $0 an hour when she could be taking care of her kids for free. she doesn’t want the “shame” that comes from being a stay at home mom apparently 🙄
Why don't they live outside the city, then reduce their rent payments by 80%. Maybe the mum can stay at home and not and not pay daycare. They would probably be saving $7000 a month.
Rent in "cheap" cities is still outrageous. Unless you tie yourself down by owning a home and commute 1h or live in a small town with a dying economy, you're financially struggling
That's 7,000 dollars they could spend on literally anything. Maybe they should think of their kids (for once since they were born) and start making good financial decisions to... idk, SAVE FOR THEIR KIDS? Jesus all that wasted money.
@@MilwaukeeWoman You're right in that they should definitely be economising more than they are currently. However, they also need to realise that raising children is probably the most expensive commitment you can make, so trying to start and run a business at the same time means taking on too many conflicting responsibilities, when you should instead prioritising earning an income and/or childcare. Also, if you don't think you can afford it, then why have 3 kids? There are plenty of arguments for why childcare should be cheaper but this family are a poor example of how to deal with the costs. If they're supposed to be representative, then families like this need to budget their expenditure better.
Feminism. Women want to have their degrees and careers(which is fine) but still want kids with a man that still has a career and makes more than them. Feminists don't like it, but there is a reason women typically stayed home and why the man protected/provided. Not to mention the fact that these days kids are being raised by caregivers instead of their actual parents.
@@charlesbush1166 But that was a major part of the video... The primary example has a job that pays her $0.00 so year why doesn't she put that on hold and then go back to her business after her kids are old enough to enter school. This was just a bad example for this video, I wonder who she knows at CNBC to get on TV.
Agreed. I don’t feel bad for them at all. They are supposed to be a team. He brings home 100k but spends 5k a month in childcare. She makes zero money. She needs to stay home with the kids or go earn at least 60k to pay for childcare.
People, quit having kids that you cannot pay for. It is not the state's or employer's responsibility to pay to raise your kids. That is your job. If you cannot afford the total cost of a child, DO NOT HAVE THEM.
I did, and their story were important to be told. But the main family was a bad example and clearly failed to get people's sympathy and understanding. That's why following then was a bad move
No the solution is they keep paying rent they can't afford just so they can tell people they live in New York they never save any money and you bail them out Everytime something happens because they are children themselves
@@Marie-di5gl lol my son was the result of what you just said, day after pill given literally less than one hour after we noticed the condom broke, wasnt until later that I realize the crap they give you at the store is way less powerful than what you could get from a doctor by just asking
@@freaked-outcenk7990 ehhhhhhhhhhh I don't know about that I know a couple that are fine with staying at home. Isn't it more the choice to decide for themselves that their fighting for?
@@abrahamraji1605 Well...from the 70s to 90s, yes; they did want the CHOICE to work or be homemakers, but modern feminism is radical/extremist and most feminist scholars and leaders want to FORCE women to work and not marry, as well as trying to make all women lesbian and man-haters.
Maybe a stay at home dad as well... It's their child too and since men nowadays wants to get credit for child then they should do it rather than doing bare minimum other than earnings. They should be involved physically and emotionally indulge and not only finalcially (ofcourse not all fathers). 🙂
I love being a stay at home mom. I know what my kids are eating, they are in the safest environment possible, and I’m not shirking on my responsibility and duty to them. My husband and I wanted them! Why would I not be home to care for them?! He’s so happy that I’m down for this instead of chasing a career. I could never be a feminist omg
The video started amazingly :D "We take 10k a month....whatever my financial adviser does. I don't actually even know because I don't want to know because it makes ill to think about.." Common sense 404
The worst part is is that day care workers are lucky if they see anything above $13-14 an hour...it’s ridiculous that people spend so much money on child care but the people who take care of them are barely paid
They're elitists. Cant you tell by just looking at them? They live a certain lifestyle that abnormal from us regular folks. Their apartment building, stuy town, is down near 14th st & its a whole bunch of folks just like them in that area.
1:20 her husband makes 100,000 after taxes and that's 65,000. I don't understand that part. If the man alone makes 100,000 after taxes, then rent(5000) plus daycare(5000) is 10000/month. That's 120,000 a year. At another point she said they don't take home more than 65,000/year. So the man alone makes about close to $140000/year gross. I don't know if the woman works or how much the she makes the since she needs daycare for her kids. Assuming she makes $65,000/year after taxes, it's still a very expensive place to live, even for a family that makes $165000 in net pay combined/year. How many American families can say they make such money a year? It seems to me that they wanna be seen as part of the elite so they have chosen to live in Manhattan, MANHATTAN. And cnbc must explain to us dumbs how in their great wisdom, they chose this family that has decided to live over and above it's good means for this documentary.
@Zachm587 near the end of the bit she also says "we're going to run out of money in a few months, and I have no idea what we are going to do after that." So her going back to work is not an option. Moving to a cheaper apartment off Manhattan is not an option. Changing anything about their lifestyle is not an option. She's pulling a Ned Flanders- "we've tried nothing, and we're out of ideas!"
@@adu5335 100k is BEFORE taxes (man you are terrible at listening) and a bunch of other things his workplace probably cut, 401k and such. where are you getting 120k a year? Are you ADDING expenses, instead of subtracting them? They already mentioned she doesnt get any salary atm in her business. So no, 65k is all they have plus savings to spend for $10k a month + actual living expenses. Man, your mathematics is messed up. "How many American families can say they make such money a year"... every one who lives and works in new york makes six figures. its just very expensive there.
1. no way we're ever using childcare.. 2. we either make our job schedules work so one of us is at home OR what I'm doing now is being a stay at home mom. 3. I am a mother of 3 and have a nice huge jogger stroller I bought for under $100. 4. when I seen that "$1, 600 bugaboo stroller" I was done with the video.. Nothing about this was a struggle to me lol
This is a manufactured crisis, she quit her job for one that pays no money and is complaining about not having money. This isn't a story and CNBC should be ashamed of themselves for using this as an example
You nailed it. I'm no fan of Trump, but when media channels like CNBC use irresponsible, entitled families like this to highlight issues, they're inadvertently supporting his arguments about "fake news" while also shooting themselves in the foot. If childcare is prohibitively expensive, they should be able to find needier families to present as examples than this one.
There are so many better examples of this issue. Just her mentioning her financial advisor and implying she let's this person handle their money is so far removed from the average person.
It’s not manufactured though. I agree it’s not the best example but my mother had two jobs as a nurse while my father made over 100k. We live in California and this was probably the only way they could afford child care for both me and my brother.
In US everything is privatized...even essential services that should not be in the hand of corporate operation such as health care, electricity and these days, even water! After half of century's experience, we all know this extreme privatized services do not work. Young men and women filing for personal bankruptcy right out of their university because they can't keep up with their student debt. Seniors filing for bankruptcy because they can't pay for hip replacement surgery(which by the way is free in countries like Canada or Europe), young parents who have to work day and night just to pay for the day care in the US.. Something's not right!
should have did working class blue collar workers but unfortunately, no one would watch it especially with this current presidential cabinet. Anything less than $60,000 a year roughly $5,000 a month is considered low income nowadays.
$5K for Manhattan rent is upsurd - I don't know anyone who pays that much in rent in NYC unless they live in a luxury rental. They need to move to get cheaper rent. Not sure why people are so surprised they're in these types of situations when the solution is in front of their eyes.
I know some families in NYC that pay more than that for proper room. I paid $2000 for 3 months there then left a few weeks early because it wasn't looking good for me not finding a job. But yeah if you only make 100k in NYC you are not rich and with 3 kids, you need to rent maybe 2 rooms and find a way cheaper day care. I think you could hire a live-in nanny for less than day care. Where I live you can get 2 nanny's for $250 plus simple food.
@D'Afrique Rousseau I don't live in the Bronx, I actually live in a good area of Brooklyn 10 minutes away from Manhattan. It's important to take your time and have options to see what is out there before locking yourself into an expensive apartment.
If your husband is only earning $65,000 on net, why are you living in a $5,000 per month apartment? That leaves you with only $5,000 per year to pay for all of your other expenses. That makes no sense.
Why are you interviewing a family with a financial adviser?? Interview a nurse and a construction worker family for a change...
Isabel yes I ageee
I think the point they've making is that even this family is barely making it by because of the cost of childcare.
@@chellestan
Exactly, and they said it varies, they are *not* trying to put this couple as a default.
You guys in US need socialism.
(for real)
@@aleka.. They have some socialism, the problem is it is corrupted or only for corporations.
They interviewed a single mother that didn't have a all those advantages.
She left her job to start a company about being a mom, without doing the mom stuff?? Does not compute.
And she doesn’t take an income home and yet she’s paying for childcare 🤣
She’s spoiled and entitled. I’m sure she’s a stressful person to live with.
Right. She pays someone else to take care of her children, which she seems unable to do herself, and then wants to advise others on how to be a mom.
@@lucasdarianschwendlervieir3714 Daycare makes sense for working moms that are drawing an income and can’t easily get leave from their careers (or prefer to work). But she isn’t earning any money and therefore it’s costing their family $5-$10k per month for daycare when she had the capacity to take care of them for now.
@@Coastpsych_fi99 She doesn't make any money. She's not a working mom, she's a volunteer.
I had to stop one minute and 30 seconds into this news story. You are interviewing the WRONG people. This couple has financial choices. They choose to pay $5,000 for rent, then $5,000 for child care. I hope you have interviewed real working people.
Regina Johnson agreed they keep choosing the wrong people to interview. It’s one extreme to the next.
I remember this Diane Sawyer clip “my reality” middle class Americans struggling.
ua-cam.com/video/Hhh0Qcl_yMA/v-deo.html
The husband is out there working 3 jobs, and the mom stays home.
In both cases it’s obvious the mom should use her college degree and find a job that will cover reasonably priced daycare and help pay the other expenses.
In this 2 income economy it’s a luxury to get to stay home with the kids.
Real working people should not feel entitled to tax payer dollars either !!!
Agree
But look at them starving in that nice NYC apartment. Girl you just don't know how hard it is to have nice things AND pay for child care. 😒
Pain_Is_Good 18th bday? Cars are purchased on the 16th b-day. lol
So the family interviewed is paying $2100 a kid in babysitting yet the mom stays home 🤔 am I missing something?
Nope, god I hope those poor kids don't grow up to see how little their mother actually loved them.
Basically, classic CNBC nonsense interviewing people with small brains and terrible financial decision making.
Someone send her to Asia to earn some parenting skills.
@@FishAnvilwhat makes you think the mother don’t love them ?
The mom stays home and works so she can’t fully attended to her kids this she sends them to daycare
The best part is the super rich family has a 'financial advisor' yet they make the most incomprehensibly stupid financial decisions ever.
The financial advisor is also a elf spotter.
@Laura C Ah, capitalism at its finest!
Totally
To be fair financial advisors have some of the lowest requirements so having one means nothing tbh or maybe the clients didn’t listen 😹
@Laura C all a financial advisor does is make suggestions, and I am certain that their financial advisor did not suggest a $5000 per month apartment and a $5000 per month daycare to a one-income, $100K per year couple. Even if he did, financial advisors ADVISE. They don't COMMAND.
If one partner makes 100k and the other makes none, but spends 60 a year in daycare, I feel like the one making none could save 60k a year by staying home.
Well there you have it. Hit the nail on the head.
People on welfare and begging for more are those with low I.Q.s.
@GamingTV Notice that I said partner, not wife. If she could go back to work and make more than him, she should. And we do need to value her time/labor as well. If she took on the responsibility of daytime childcare, it would be like a bonus in the family income of about 60k/yr. There can be a stay at home partner without it devolving into sexism, like in your comment.
I was thinking the same way or do home school. The thing is if they live in NYC, most elementary schools would prefer and admit kids that has gone to a preschool. I work in this world so I get it but like move to Brooklyn or Queens! I’m sure there are more affordable areas here. I live in Manhattan and I’m an After school and enrichment school provider and worked as an admin in the preschool setting
Garrett Pierman thank you!!!😁 he didn’t even know how to spell chauvinist🙄 and actually thinks in today’s current economy, it’s “overly ambitious” for women men to want to work and make income.
Yeah, but the average person doesn't make 100k a year
Most normal people can't afford to hemmorag $5000 a month. Yet alone to pay that amount in rent. Use a normal family and remake this video.
well hell it makes even more of a point because they arent poor and they STILL cant afford childcare.
@@kasualbeauty309 You've got a point there.
His income can't bare pay mortgage which is rediculous.
Kasual Beauty
What’s the women doing? She should be a stay at home and look after the kids instead
100k in NYC isn't really that much, their rent is 5k a month.. And he's the sole breadwinner.
Wasted 20 minutes hearing a privileged family complain about expenses that are self inflicted.
Amen
Thanks
I had to check the date this video was published to see if it was an April Fool's joke.
OMG! Yes!
I’m 30 seconds in and I agree wholeheartedly. Have stopped watching it.
‘When the money runs out in a few months I have no idea what to do’... here is an idea: take care of your own kids, or get a real job and move to a more affordable city. There are honestly people with real problems. Single mothers who work 3 jobs. Im not even going to finish watching this. This intro spoiled the whole thing. Remake please.
They had a single mom on there but she only got a phone interview. I would’ve spent more time with the single mom and then found a joe everybody couple like a teacher, nurse, police officer, etc. They ruined their video by picking the wrong example.
Did she say sell our stocks!? Yeah, these were the wrong people to interview.
Btw love the Franny picture
Eh... stocks are a pretty good way to liquify assets, even for the middle class
@@danielblack4190 I have gold buried in my backyard
I can’t feel bad for them. My dad did grad school and worked full time on a teacher’s salary while my mom worked darling mornings at a hospital while raising 3 toddlers . When you breed them you need to feed them. Child planning is key to financial freedom.
@@danielblack4190
He makes 100,000 a year...that is a great paying job. The reason its so expensive is because they live in NY!!!! rent is high there. Im surprised they didn't consider child care before having children...
Having three kids, living in Manhattan, quitting a job to work for free (while the spouse works at a nonprofit), are all terrible decisions.
Not to mention pay $5,000 in rent on their income. Move to the suburbs.
Correct.....be responsible in your decision making. Ultimately , the kids suffer.
@@darrellmccall6100 your right..maybe the solution is teach them how to handle money..
Best part is that they are pushing a $2,000 stroller from Bugaboo 😂
also privatizing childcare was a terrible decision. we need to be more like sweden
Day care centers charge so much but they pay almost nothing to the workers who actually take care of those kids.
Facts!!!!
And may even charge parents when they take off for vacation and aren’t actually taking care of the kids so the parents gotta pay them and someone else to actually watch them
The responsibility of taking care someone else's children must be expensive
@@bryanmiller476 You're paying to reserve your child's spot, which is addressed in the paperwork you sign when you enroll. If they didn't charge and someone else came along to fill your child's unreserved space what would you do after vacation?
Imagine how much it's going to cost with so many centers closing down permanently and many people who have worked in childcare for almost 20 years looking to get out as we were treated as if we could just get covid and deal with it, there are more people leaving than coming in, because even with a degree the pay is very low, imagine going to college for a bachelors degree and making maybe $16 an hour if you're lucky, with little to no benefits etc and having to deal with abusive from children and parents alike. A lot of us think the industry is going to collapse.
Who has $10,000 to take out of savings every month.... like WTF!
I cannot relate.
This is a problem but this is not the best example for that issue.
or u know don't make three children... if u can't afford it
Lynette Math Nerd exactly
Who tf pays 5,000 a month for rent?!!!!
@@ameliaah They're in New York where everything is expensive beyond reasoning.
Wrong family to try and prove this case. They make enough money to make better decisions.
Dear god I couldnt agree more. This example is horrid.
New York City isn't a cheap place to live in my friend.
The point ppl seem to miss is the fact that they can afford the rents and such but yet they're in a pickle due to the high costs of daycare.
@@jerryh.1400 she also makes no income...
@@dtcanxz Yeah well that's just her ego, started a business and makes no salary. Instead of sucking it up and getting a job to make ends meet she doesnt seem that interested in helping herself/her family.
" rent is $5000 , daycare is $5000 for 3 kids" okay so you choose to live beyond your means on no salary and no actual jobs and start a business with no pay back ?
Agree
RIGHT?! 🤦
Real talk
It seems like they found one of the most ridiculous examples for proving their point. Daycare is not $5,000 a month for the vast majority of people. It is probably some special day care where the rich or famous send their kids. They need to redo this episode with regular folks.
@@BurgundyandBlue1111 Before and after school care in my tiny, middle of nowhere town came to 2k/month for me and one sibling, I have no doubt that it could reasonably cost 5k for all day care in NYC.
That being said, why would you still live in MANHATTAN?
As an ex Day care teacher, I can tell you, the amount of money these parents pay is insane, but what's more insane is the way the teachers are treated by the parents and directors of the centers. Horrible pay, and total disrespect.
Being a day care teacher always seemed to me like a lovely job but i would never be able to afford a house in my country:/
@@xijinping1474 Do you live in China.?
@@jathebest2835 no the netherlands haha. You need 12 times the average income here to buy a house
@@xijinping1474 Dang it. My country, Korea is in the same situation. It's not easy for young people to buy a house especially if they live in a big city like Seoul. Basically life sucks for most people even including some super rich people. Hope you do it well in the Netherlands which is a beautiful country.
@@jathebest2835 thank you! And your country is beautiful too:)
Childcare in the US is a real problem and they trivialized it by using this couple.
the minute where she said they have to pay the child care workers well....yeah $9.00 an hour. terrible wages
superfuresh capitalism is the ultimate birth control.
Fr I cannot feel bad for people who sold there stocks because their financial advisers told them to. Must be hard to have an emergency fun and actually use it.
This is not an issue of "not being able to afford kids." That statement is showing what the true issue is, it's a cultural issue of not accepting children in a realistic way and not accepting them as part of the culture.
People are truly being taken advantage of, although not in the above clip, that's their own choices that they made, but, maybe they were rudely edited to cut out their main points.
@@SRose-vp6ew Your points are interesting. Can you elaborate a little more?
Um... you have a spouse that doesn't work... she could take care of the kids and you'll save $5,000 a month
Simply
This is exactly what I was thinking!!! My childcare for one kid in Idaho was $700 a month. So if/when I was working, that was doable. But if my child care was more than I was making, I wouldn’t keep doing it.
I run a non-profit, don’t collect a paycheck...why would I make a negative when there doesn’t need to be one?? I have four kids, you can run a business or non-profit from home and save 5k a month. Or not work!! Or work in the field that you were in prior so you can pay the bill.
I don’t feel this is a good story portrayal of an actual average family in the US
@@NatashaBeZombie stay strong. Your hard work keeping your priorities right will pay off un the long run.
Agreed.
Wow I thought child care in the UK was high. At my sons nursery full time place 8am to 6pm is £250 week. We also get 9 months merternity pay and dad's 2 weeks. I don't understand why this woman is working when she is spending her savings to send the kids care.
Wait...stop...am I suppose to feel sorry for a person who voluntarily spends 5k a month on daycare to go to a job that pays nothing? Do your hobby when your husband is home.
Excellent case for staying home with the children. If I'm gonna have to budget and struggle, I rather be the one raising my kids, not paying someone else to do it.
AMEN. Career is worthless compared to raising a family. The second my baby cries I can feed and or change them, I wouldn’t give that up for more money!!!
Exactly
Yes, but what if you don't have a choise. Poor women are always over looked.
@@marciamartins1992Poor women shouldn't have children. Poor women need to focus on birth control. It's selfish and unfair to bring a child into the world only to raise them under poverty.
@@marciamartins1992you mean single mothers? Most of them had a choice and they chose poorly
I'm not sure they could've found a worse example.
The husband was what - all I heard was ART and NON PROFIT and my brain short circuited. HOW is that even a job !!!!!!!!!
Three kids in NY !!! NOT a lot of New Yorkers can relate !
@@mmspost7921 that's not the worse part he makes 100k a yr after taxes so that's fine the worse part is the mom has a start up that's making her unable to watch her kids that is not profiting at all she should definitely drop that and pick it up once her kids or old enough OR get an actual job
@@roslyn-rose124 Exactly. My wife and I raise our kids without child care. She works part-time 3-4 days a week evenings, I work full-time days. We are also lucky enough to live close to extended family who are willing to help us out every so often in a pinch.
@@roslyn-rose124 or maybe move to a nice suburb in the South where they could live a great middle class without never having to worry about money if the husb could find a job that paid even half of what he currently earns.
Using a New York family as your example isnt the most indicative of the country. It's expensive just to exist in NYC, let alone care for children.
Yeah, not the greatest example.
They’re doing this on purpose so they can use it as an unrealistic example of why the govt should pay. Why should tax payers pay for her kids? She doesn’t have a job!
@@kimberlyy911
I don't understand why people have kids and then complain about the costs! She has THREE and should have thought about the financial implications before she had them. It really makes no sense.
@@americancreole6299 The thing is, this couple (she's not a single parent, remember) _can_ afford those kids. They're choosing to stay in this position, unlike most people struggling to pay for childcare. That's why I object to using them as an example.
@@kimberlyy911 here is a realistic example. My husband and I bring in 150k a yr combined. My monthly income alone is the exact price of childcare a month in California. You must pay for all days even days they don't attend.
So the mother has a job that pays $0.00. Why doesn't she quit her "job" and take care of her children?
She's probably hoping she's the Facebook of mommies and will be able to get a bigger Manhattan apartment. Many of us work and hope for better, but in the meantime make sure we can pay rent and feed the family without exhausting savings. She was hoping her business would suddenly fly and save everyone.
The mom doesn't work?
@@admiralsuperior3
she started a business, but the business makes zero dollars therefore she takes in no salary
Margaret Mojica Yeah, why doesn’t she work at home?
@@wnxdafriz you know what they call a "business" that doesn't create a profit (let alone income)?
A hobby. She has a hobby. She can work on getting her hobby business going while she watches the kids, she just has no desire to and plays the victim card.
Literally everyone in the comments section can tell you the mistakes these parents are making. Expensive childcare aside, they have made extremely poor financial decisions.
It's hard to feel bad for THAT couple... but for everybody else in America struggling with child care 😓 I'm with you 😓
Bellari Pace yes I am!!!!!!!!!!!
“My nanny called in sick”, “my rent is 5k and my daycare costs 5k”. Apparently they’re trapped in the most expensive city in America.
Is this a joke????
I mean, it's Manhattan. If they left and moved someplace cheaper they would get paid less or possibly not be able to get a job in their field. Like, this is how metropolitan areas work.
it's laughable!!!
@@HaShomeret they could go live in a suburb outside Boston and commute in to work and save tons of money and still get paid the same in their field, seriously.
HaShomeret if they lived in Staten Island and took the ferry they could save so much. Or jersey. Manhattan is prob the most expensive place on the world except for like luxury cities like Dubai
@@habenwlibanos6144 Yeah you know what, your right.
that couple is just bad at finances why do you have a 5 k apartment , then why do you spend 5k in childcare a full time nanny $15-25 for 10 hours a day for a month costs 2400-4000 .
25*10*20:5000
I'm wondering where her numbers are coming from? It sounds crazy
@@yadid8740 that's manhattan living. my sub 300sq studio costs 3200. That's the cost of having access to good jobs.
@@RedLeaderTrackMaster I'm from az here the living from a studio to a house us any where from 600 to 1300 depending in what part of Arizona and where you live in
y di false. There are great jobs in much cheaper cost of living areas. Your being dramatic
The people teaching your children 0-5 years are doing a job. They should get paid fairly for doing their job.
And we don't, which is why more people are leaving the field than entering. We were on schedule to hit a teacher shortage in 2020 prior to COVID, with many centers shutting down and us being treated as expendable (Public Schools closed but we are expected to remain open?) more people are trying to leave this field for good, I am hoping to take some classes to learn a new profession, if I can get out of this field I will never come back.
@@rach2111 This seems to be an international problem - we've been saying the same thing here in the UK!
@@rach2111 Have you thought of doing in-home? I do. I keep my numbers low enough to not need certification.
"Man, I had no idea NYC was so god damn expensive" - said Nobody. Ever.
Haha, right? It's one of the most expensive places on Earth, why do so many people insist on living there?
Actually you can get an apartment for a lot less than 5K. I think they chose a very expensive apartment. And if she doesn't get any money for her job she can easily stay home I take care of her kids still young enough they don't need daycare.
I have one child. ONE. That's enough for me. I'm lucky enough to have an amazing sitter at a flat rate only on days I need her. If I had a second child I don't think I could keep her...then I'd be stuck between a rock and a hard place. So I don't have another one.
You think that's bad, a low income San Francisco is $110,000.
Don't forget no one what's to live in the ghetto, specially parents
Live in Manhattan. Goes to work for a job that makes no money instead of staying home and taking care of the kids. Chose to have 3 kids. I wonder why you can't afford child care.
You can't really live in NYC under $100k a year. And thats to scrape by. Move to a lot of other places and you can live like a king on a single income.
@@p51mustang24 The median household income in NYC is only half that, so not only is it possible, the majority of New Yorkers do so. That being said, it would be a struggle for a couple with even a single child in NYC to make it on less than $100k per year.
The reason is she doesn't want to stay home with the kids lol
Typical assholes and typical "news" from the MSM lol
Plus a dog
$5,000 rent & $5,000 child care - you have already exceeded the monthly income for most people. That's not even covering food, insurance, utilities, etc
they live on $65000 a year, and pay $60000 in rent. Their lifestyle would not be sustainable if they had NO children.
"We need state funded child care because some rich New York housewife who doesn't make any money doesn't want to be a stay at home mom."
What
And then they always point out "well Denmark and Sweden and Finland all get childcare paid for by the government, so why don't we?" Because those citizens actually earn those benefits by paying like triple the taxes we do.
From a spending habit, you are in total control. Here are my observations.
1. You live in an expensive area, move to cheaper accommodations.
2. You have an expensive Bugaboo stroller, 3 x Stokke Tripp Trap high Chairs. You can get substitutes for less than half the costs of those!
3. Your dining table is solid wood, looks expensive, why not IKEA?
4. You have a pet dog, a discretionary spend.
5. Apple Macbook and Apple watch, how about a Dell PC and Android watch or a simple watch.
6. It appears you have at least one Baby Letto Crib, again, why not a cheaper substitute from Ikea or Walmart?
7. An finally.........
You guys need to make better financial decisions. You can thank me and fire your financial advisor.
Exactly the advisor needs to be fired! He should be looking out for them and finding them cheaper accommodations so they can stay within their means. They're about to drive themselves into massive debt that's completely preventable. Like do they have any student loans still as well? Who knows how much they're paying for their car. Bro a whole mess. If I made 5k a month I'd be so happy and comfortable even 3k I'd be happy about but these guys.... just....😑
These were terrible
@@cloudedcolour5329 dogs aren't necessary to teach kids all that...
but they NEED those things so they can keep up their elitist image and show off to all their friends and extended family. Anyone in NYC should be automatically excluded as examples for what "American life" looks like.
I noticed the stroller also! 😂 they could be doing so much better by not living in NYC. It's not like he has a great job there! 100k before taxes is basically low income in NYC
Y'all lost me with the 5k in rent. You can't afford your life.
Yeah so true, like I get that childcare is expensive, but like can't they move somewhere a bit cheaper? And FR do they have to live in New York City, one of the most expensive places in the world...
And I kinda got an impression that the mom doesn't work, so why can't she look after the kids if her husband is making bank.
Right. Do you have to live in NYC? Jersey is cheaper.
@@lakitquana1 jersey is not cheaper.
@@ruthbasna Jersey is cheaper than NYC. I’m sure you can come up with an example where it’s not but in most cases it absolutely is.
@@KingHarambe_RIP not a ton, but yeah. Probably. Montclair vs. Brooklyn?
Would have liked to see this but with a single parent household who is making around $30k a year and struggling to pay rent let alone childcare
Those families qualify for the Head Start program and receive free childcare. That's why they are focusing on middle class families in this piece. They make too much to qualify for Head Start, but don't make enough to pay it on their own.
SuperMrsMar you have to be able to get in tho. We have been on the lost for over a year. Bc they own all of the daycares in my town. It’s ridiculous trying to find childcare I’d pay but can’t find a daycare around here that’s not income based or is that your not on a list waiting for years.
List* autocorrect lol
SuperMrsMar not all families qualify for head start and head start starts at age three it’s day care for two years until then
I agree. It seems this page has been flooded by people distracted by this one family and who are ignoring the overall problem. I wish they'd focused on the single mother with two children.
I dont even make 5k a month.
Exactly!
You don’t spend 5k a month on rent and then complain about childcare. Move somewhere cheaper.
Jack0613 🙌🏽🙌🏽🙌🏽🙌🏽
No just work from home
I wonder what kind of home they got for $5k a month
As soon as I saw the note on screen they were living in Manhattan I said ‘Yikes!’ And I was right.
Then the husband likely would not make the same salary although they should consider moving to jersey and taking the ferry
Maybe this family’s problem is the fact that they live in Manhattan. 🤦🏻♀️
Exactly.
Dressing Dallas it is but people should live in any part of the world not have to spend that much on daycare
@@Anna-ie6wt My dear, Annabella, it is not about how much you spend on daycare, it's about looking at your situation and do what's best. If she moves to BK, Queens, BX, SI, or Jersey, rent would be 2000 to 3000. She stays home and takes care of the kids herself, tadah~~~ suddenly they have money again.
You just lost me when this woman said
“” financial advisor “”
The majority of the population whether college educated or not does not have the income to create the need for a financial advisor.
This couple would be considered upper middle class at what their income is and what they pay a month in just rent alone regardless of what city they live in.
You guys are WAAAY WAAAY out of touch with the majority of people in this country if you think this family is representative of the population as a whole.😂😂😂
I know lots of blue collar workers who have financial advisors starting in the mid thirties. They all work in trade type jobs, not college educated, and work hard, spend wisely, and don't live above their means. Being successful in anything, including life, is making more, good, impactful decisions than bad ones. It's a simple recipe but a lot of people really f it up.
@@brockjohnson100 Yep- financial advisors who sit with you on a couch and teach you how to do your own trading like in the tv commercials are for the rich. But financial advisors who will put your money into an investment portfolio and meet with you once or twice a year to give you updates are for everybody who has any money to set aside every month.
@@johnjamele it's mostly just a guy who files your taxes for you
My wife and I spent over $100k on childcare, raising two kids living just outside of Baltimore betwixt 2013 -2016. We worked hard, I put together a side hustle, we paid the bills & kept moving forward. The concept formerly known as *_personal responsibility_* must be dead, buried and all but forgotten - for it is never mentioned. If you plan to have children, you first must consider how you're going to pay for their care, especially during the early years. If you cannot afford child-care costs, and you're still raw-dawgin, take some *_personal responsibility_* and get up on some proper birth control.
Why don't we hear more from Nathan, Rebekah's husband? We never hear his thoughts one-on-one, about the state of the family expenses? Actually, we never hear Nathan's thoughts about much of anything. The conscious decision to spend $5k/month on childcare whilst spending $5k/month for an apartment, as part of the family budget, prescribed by a woman who is "afraid to discuss it with her broker", is a recipe for disaster.
"The concept formerly known as personal responsibility must be dead, buried and all but forgotten - for it is never mentioned", and yet you're proud to send (and spend 100K) your greatest responsibility i.e your children in the care of strangers, what a ridiculously bizarre mentality.
@@Claude-Vanlalhruaia Huh? Never mentioned sending my own children to the care of paid strangers. My Mom watched my children everyday. In exchange, we paid for her house to be remodeled after they started in school.
*_TRUST !!_* ♂≠♀
She’s not taking a salary from her job yet she sends her children to daycare? Stay home. 🤦♀️
Well she quit her job as a lobbyist. I bet that was good money.
Not understanding that either?? Crazy!!!
soccerchick9841 She May be keeping the job so when her kids are older she can get a decent job, not have that big resume gap
Agree 100% and maybe pick up a side gig . I stay home with my kids and sell stuff on Ebay
It's not the 50s anymore. Women have a right to work.
I’d rather move to a whole other state than pay $5,000 a month rent, that’s ridiculous
and they don't even have to. They have to move across the freaking river to live in a perfectly nice apartment or even a house for far less.
I live in Montana, big house that’s only a few years old and have almost 30 acres and I don’t even pay $2,000/month for my mortgage.
@@ivandrago1133 Yeah but who wants to live in Montana.
@@TMartins379 exactly
@@ivandrago1133 Montana also does not offer much in the way of higher paying jobs, accessible childcare or schooling, and really though...who wants to live in Montana?
With that being said, its the same issues as what I see where I live (midwest). Fairly inexpensive in regards to rent or mortgage payments, but finding a job or job that pays as much as what someone could be making in a larger city, is non-existent. As an example, I am studying to be an engineer. With a years worth of practical experience, along with an internship or two, I can look forward to 60k a year job..Sounds nice on paper, but factor in childcare, mortgage payments, etc. etc, it gets to a point where cost starts to outweigh income.
Basically, it comes down too, our "system" in the US needs federal support badly.
😐 I don't feel any sympathy for this clueless couple. You have a "job" you can potentially do from home, or a limited time away from home, so daycare shouldn't be used, especially at $5,000/month!! Move to a less expensive home ASAP!
Pure insanity!
I got a tubal in 1983 when I was 27. I was finally able to afford to go to college, and I wasn't going to ruin it with a pregnancy and a child. I've never regretted it.
Now you're 67 and lonely and lying to people online that you're happy. Good for you.
@@Ricky_Spanishh Yeah, you know SO much about me. Remind me again when we met. I am EXTREMELY happy. My best friend, on the other hand, spends much of his time worrying about a drug-addicted son who seems to have disappeared. Yep, that's joy all right.
@@do9138 you hit the wall and you're crying in your old age.
Is this a joke? Hubs is an “art director for an environmental non-profit”? What does that even mean???
TastemyAtrocity it means he makes posters for Greenpeace🤨
Yeah and that non-profit pays their art director 100k. What a joke lmao.
@@gainal9080 And why does an "environmental non-profit" need to be located in NYC?
@@richdobbs6595 because NYC is the wild west of non-profits. Doesn't matter the specialty.
@rich dobbs, that’s not the question to be asked. The questions should be: 1) why does a non-profit pay someone $100k/year? 2) why does a non-profit need an art director?
I love the totally relatable example of someone making over $100k a year living in Manhattan.
Ians Tech Yet still crashing and burning soooo dramatically.
100k in Manhattan is poor.
Yeah my sympathy runs deep. Give me a break. Spoiled ass yuppies.
@@ineedhoez Yeah... so why do so many people cling to the idea of living there? I just don't get it. If you can afford to move, why not relocate somewhere that isn't going to ruin you financially? I get that Manhattan is a cool place to be, but it hardly seems worth it.
😂 me too. I can like totally relate.
Way to pick the absolute worst example family possible
LillyLavine how so?
@@mumfurds I dont think most Americans who are struggling to pay for daycare are working at a job that doesn't pay them!
"Thanks for your support!" ~ CNBC
Too bad she can't have the money back she's wasted on her tattoos
There is more than 1 example in this video, sweetheart. Stop being a victim.
“Only have children if you can afford it”, and that’s only about 30% of America.
All she needs to do is get a job that pays literally anything or STAY AT HOME. Prob
lem solved, Worst example ever.
I think the wife is more than happy to unload the kids elsewhere during the day. They could hire a nanny far cheaper than what they're paying for daycare.
Or how about the government just provide childcare for everybody?....
Camille F yeah provide for people who actually need it. She really not doing nothing... she can watch her damn kids.
@@camilleonz558 the thing is we'd need to pay around three times what we do in taxes in order to make that happen. People in Denmark, Sweden, the Netherlands and Finland all earn those benefits, they don't just get it handed to them.
If she is not making any money, stay home and save $5000
She must hate her children.
The daycare teachers don’t get paid enough!
that’s the truth Amanda
So so so true!!!!!!
Yep
Amanda Jones So true! I’m a preschool educator and you are right. I live in Canada so it’s a decent pay but it could’ve been a bit better. It’s not minimum wage but i went to school and studied to become an educator so $20 per hour could have been $30 per hour
I’ll be grateful that i’m getting a good decent pay but i still think educators should get paid more
Since she's bringing in $0 per month why can't she watch her own damned kids? Does she really hate them so much she'll bankrupt her family to avoid having to spend time with them? Feel bad for the husband, having to support her delusional spending. Is that why we need socialized child care? So moms without jobs can live beyond their means instead of taking care of their own children?
This family is the worst profile. She’s a mother of three in nyc and she’s volunteering. Get a real job and maybe you wouldn’t have to live on your savings.
Or don't have kids... if you don't have the means....
BP I think everyone if are ready, able, and mentally stable should have a child if they can. One at least. But not working, living off one income and having 3, they set themselves up. What if they get a divorce. Then what would she do?
@@vigorlilover If someone can decently afford and raise 10 kids, go for it... if you can't, dont have kids...
Or move out of nyc their rent ate their salary
Or be a stay at home mom so you don't have to pay for childcare simple!
So I feel that this family is living beyond what they can ectually afford.
Yeah this is just people living already insane lifestyles and then having multiple kids, and chose to send them away
Yup, exactly. I'm sure they can find a less expensive home and childcare.
(Most people are)
@@fifafan1 or she could get a job that pays instead of her vanity project
Does THIS family's life change anything about the actual issue with the cost of childcare for Most American families? NO. But I guess it makes people feel smug to point it out. Doesn't help anything, but hey if it makes you feel better.
You bring 0$ into the household
go home and raise the kids
I feel like I’m taking crazy pills
“I feel like I’m taking crazy pills” Anthony Macaluso hahahahahahaha I am literally dying. I’m using this line myself for everything 2020. It’s great
thanks for the laugh
People are insane
Perhaps that’s her sanity? I was pressured into being a SAHM and my brain is mush and I no longer have life goals.
@@mutoidliz2320 Then at least she could get a job that actually pays. I mean it's fine to want to start a business, but to do so right after having 3 children(which is a poor choice in and of itself given the financial situation) is just a bad idea.
Fact of the matter is, they didn't just make one poor financial choice. They made at least 3.
Living in NYC
Having 3 children
Starting a business that doesn't earn a profit (over working a regular job)
Any single one is fine and is something one can work through. But together? It turns into a typical "I torpedoed my family's financial stability and let's blame society"
Also, the primary reason people are pushing her to be SHAM instead of him being SHAD is because she earns less. If he earned less, I don't know about others, but I'd push for him to be SHAD. Fact of the matter is, if the lower earning member of the two parent earn less than the cost of child care, that member should stay at home instead, regardless of gender.
My wife stayed home 5 years when our kids were young. She has a Masters degree and did some consulting for 10 hours a month. It was enough to keep her mentally stimulated, and found a higher paying job in 3 weeks when our daughter entered 1st grade.
Blows my mind, she was a lobbyist. She likely was making more than 100k a year. Whoever is making the most money keep your job to support your partner and children. Absolutely bonkers
// Rutledge exaaaaactly
I know right! If she wanted o follow that dream, they shouldn’t of had so many kids! The kids are here now, you’ll have to work
It’s even more mind blowing that she spent her downpayment money she saved to take her kids to child care. Buying a condo or house probably would have decreased the housing price for each month since in NYC owning is cheaper than renting as it is in most major cities
You might not agree with their choices. I know I don't. When you have children they have to come first. I think the point their making is that this well to do family can't afford child care. Imagine a family with minimum wage. What will they do? Probably won't be able to afford children and, in a few years, the population will dwindle and then you'll have to pay people to have children.
Precisely.
The central question of “why is childcare so expensive” was never answered. The video went over some examples of people struggling to pay for it and of possible government solutions but never actually answered the question. Why did childcare go up in price much faster than inflation?
One word "exploiting"
Since the ratio of child care providers per child in licensed has been standardized for a long time, my guess is a combination of cost of facilities (housing goes up faster than nominal inflation), and more of the market showing up in the licensed facilities in more expensive areas. Might also be affected by fewer folks being able utilize low cost relatives.
Child care workers are still most underpaid. So i have no clue how people think the cost went it. The cost is up because the profit in bewteen the employees and the owners.
They did show how much it costs a crnter to run a daycare. It costs alot! That plus the cost of living = the cost of daycare. She even said that she talked to a daycare providet and she is even lucky if she breaks even.
@@richdobbs6595 So the answer is that cost went up due to new government regulation in regards to child welfare and the housing bubble. I'll take that, thanks.
Can we get a Dave Ramsey reaction video to this couple?
Pretty sure it would just be Dave yelling, family makes negative 55k a year, mom needs to get a job or keep the kids home 3 days a week. Family also needs to move out of Manhattan, even if just to another Burrough.
Elizabeth more like 7 days a week
Hahaha my husband was responding to it like him and I was like ok Dave Ramsey 😂😂
Ramsey would have a stroke
Beans and rice. Rice and beans. Scorched earth. Sale so much the kids think they are next.You are broke !
If you have to pull from your savings to finance your life, you can't afford your life. They need to rethink their priorities and start living within their means, even if it means leaving NYC.
She’s pushing a $1500 + stroller! I don’t want to here nothing she have to say
FLYTAILS MOBILE SALON AGREED! And why live in an apartment that is 5k a month! Move to Queens and it’ll be a fraction of the cost. Also, go get a real paying job.
It could have been a gift or been purchased used.
@@valeriec3484 Nice try.
FLYTAILS MOBILE SALON dont forget she has a $1,100 apple watch Hermes!
Bruh 😂😂😂😂😂😂😂
its almost as if they are living above their means knowingly
Nah, they are just living their truth
I'm doing the math and between the retina child Care income doesn't even cover that this is not accurate. I'm sorry I never paid $5,000 a month for my 3 kids childcare. Yes I did pay five thousand a month when they were in private school three of them but no not on childcare and I'm sorry you can live in a much cheaper place in $5,000 a month and have it be decent I was only paying why on my home at the time so I was like paying less than $1,000 for a three-bedroom two-story house come on now
Not almost they are
@@coryf725 uhhh no they are drowning in debt by personal choice...... But then cry about it and that's all on them
Well mom has a job that pays her 0$ and isn't staying home to watch the kids.
She's isn't contributing to the house and isn't watching her kids.
Bad sample for this video. $5000 rent? No sympathy.
I pay 363 dollars for 1 month for my apartment. For 5000$ you could almost travel around the world. Why do people even consider living there?
@@Nefus1988 New York has a lot to offer. I personally don't care for children and being single I see taxes for childcare as wrong because I'm paying for something I will never get a return on. Whereas universal healthcare I may pay more in taxes but I know there is a service I can get and most like will use.
@@mpowe123 You get a return on childcare. If you only pay for healthcare and not childcare when you get old the system goes broke and there's no one else's children to wipe your butt. Other people's children are your investment, too.
@@mpowe123 we need people to have kids. Children quite literally need to be born for everything else in this country to exist. If the birth rate becomes to low in the US we will be having the same problems Japan currently faces or Italy.
Not to mention that proper care for children can help to avoid future issues with violence and education. These children will eventually enter the workforce and some will probably become the doctors that save your life.
mpowe123 you know once you retire and get social security you’re going to need those children making money right?
This is the result of people being told 'you can have it all'. Three kids is extremely expensive.
quit the job that doesn't pay salary, take care of your own kids, BOOM I just made that lady 60k / year after tax. You're welcome, NYC yuppie
Agree she's a dumb@$$
likemy Daycare is still expensive at the end of the day.
@GamingTV She said she had a career as a lobbyist. She could easily find a high-paying job, easily. The reason she doesn't want to is because the family would lose their government benefits. And yes, if you are a family of 5 living on $100K in Manhattan, you are eligible for daycare and housing stipends.
That’s more than her “business” will ever make across its entire lifetime
GamingTV plenty of people make 35k+ working hourly jobs. Heck I make 30k with an hourly job and I know plenty making 40k, 50k etc. with an hourly job.
Its like... I drive fuel efficient Porsche 918 hybrid, i can't afford gas.
jhsung79 I wish I could super-like
Best comment
Huh?
They live in Manhattan the most expensive city in America. They could move to Jersey or Connecticut and cut their expenses by 1/3.
@@Chicago48 it's a poor comparison, and poorly worded.
They have a spending problem, no budget
What we actually heard: my husband is a butterfly expert and I volunteer, we are rich and can afford childcare 😑😒🧐🤔🙄
I'm sorry but a lot of their issues would disappear if they just left Manhattan. The rising cost of daycare is an issue in this country but they're blatantly not being wise with money. The guy makes six figures, for God's sake.
These are people living with the choices they make.
Agreed! This video should've been titled "Why is rent so expensive in Manhattan"!
The guy’s income is likely dependent on his location. I have family living in NYC who can’t dream of moving because their income is so high.
Six figures means crap when you have three little ones!!! So much money goes into diapers, pull ups, formula, clothing, and etc. The list goes on with three small kids that it doesn’t matter how much you make because it’s never enough.
He’s scratching the bottom of 6 figures before taxes lol but the rest of your comment I agree with
3 words: stay-at-home! (especially when you have a job that makes $0.00).
seriously. she's more annoying and obnoxious than the rising cost of childcare in america.
I am...
If I worked I’d be working to pay for daycare... :(. So i stay because regardless we would have the same amount of money
Right.
Amen!
@Ivy Schneberger I agree! It is selfless I believe!
I hope the makers of this video read the comments below and see that placing that NY couple did not help their cause. $5000 a month for rent....I wife that left a paying job for a non paying pay! You are making a mockery of the real people out there that truly have child care issues.
They chose to profile a 2-parent family with the most bass ackwards financial sense. $5000/month on rent, (which is about 92% of their net income) there's one problem right there. Never mind the ridiculous child care cost. How bout one parent staying home and watch the kids instead of engaging in endeavors that generate no income. This is just a family living beyond their means. Sorry, no sympathy here.
Self-destructive Behavior. Stop spending $5000 on rent. Live in a house you can afford. Stop complaining, this is the definition of privilege. Take the damn public bus from your Far Away Home if you have to, stop complaining if you're spending five grand a month on rent
I agree. The poor should suffer. If they dont exists, how good will we rich people be XDD
@@johnhynden1588
> poor
> Making 100k
@@johnhynden1588 I wish I was $100,000 poor. Maybe that's poor in Manhattan, but they should leave Manhattan. I had to move for better housing prices, people can survive that.
@@MilwaukeeWoman $100K in NYC is average if you're lucky all over NYC. Even if they moved to an outer borough and cut $2K off the rent, that would still leave them in the hole
@@MilwaukeeWoman can't move if that's were the high paying job is. I mean I would die to make 100k seriously I make less than 16k but it's also cheaper where I live.
I completely understand child care I have 2 in childcare.
But her stroller is between $1500‐$2000.
Having been a nanny in NY, and can say that a nice stroller is a essential, the bugaboo is well made and can be sold after they are finished with it. I just bought a bugaboo second hand and it wasn’t much more than a Graco stroller, or something I would have to replace in a few years.
dird89 😂 I mean, no judgement here if that’s what you want to do! Some parents decide to have a second or third child, and need a new stroller. I just meant that with the bugaboo you wouldn’t need to replace it. It would hold up, and you can buy replacement fabric. Or, you could sell it. Good luck trying to seek a three year old chicco stroller. This really isn’t a priority if you live in city that’s drive-able, but in NYC you walk everywhere. Good shoes, and good strollers are much more important. I’ve seen a lot of strollers in my day head for landfills after their 2-3 years of service. Anyway, I am just a fan, having used this one in NY, and just bought one myself for my baby on the way!
Please tell me it was a gift
22 seconds in and already over this family
As a stay-at-home mom it's hard to comprehend any of this insanity. Can't they get a live-in nanny or an au pair? They're ridiculous 😄 🤣 😂
If your husband leaves you, you are done.
Their level of insanity is lower then yours
@@msunje9862 so her solution is to get even further into debt so that in case he leaves, she'll be 155k in debt each yeah instead?
@@msunje9862If there's a chance your spouse could leave you...
Why not...
Just...
Not...
Have...
Kids.
You don't need to have children, and it could leave you with a massive burden, and cause someone else extreme suffering.
I think it's more than that.
@@msunje9862 LOL I'm a SAHW, if my husband leaves me I'm leaving with 50% of his assets, including our house, plus alimony and child support. That is more than the measly severance your boss would give you if he fires you, I can assure you! The mother from the video is earning zero money wit her volunteer "business" yet spends $5k on childcare instead of Savin the money by staying home and then paying a mortgage with that instead that would benefit the whole family. They are just dumb. And this false feminist thinking is only gonna put women in more debt.
My parents used to live in NYC too. When they had kids, they moved. 🤦♀️ Manhattan is not the ideal place in which to raise children. 🙄
Good for your parents! Too bad not everyone has the privilege of that option.
@@mcaskey358 The privilege of moving... *away* from an expensive area?
@@catbeara yes moving costs money and you need a job lined up in the new area. Also when an area's cost of living is lower, the salary is lower too and then you're in the same position as before you moved. But this time away from friends and family so possibly worse
@@bubblegumBri her "job" is unpaid, and is her own business which means she could probably run it elsewhere. And he can commute. Sure, moving costs money... But they're spending *thousands* a month on childcare. They could've used some of the money they had in savings to move. 🙄 They would've had plenty of money to go elsewhere if they weren't so determined to live beyond their means for as long as possible. Also, neither of them appear to even be trying to find a job elsewhere.
@@catbeara I wasn't talking about these people, I was talking about the average American
*I'm trying to do the math but I'm having a problem. Please Help!*
*She doesn't have a JOB right? **0:42** So why the HELL do you need "DAY"care when you don't have a job during the DAY?*
Ben J I believe she runs a “business” which genuinely sounds like it’s just a hobby. everyone is supperrrr confused why she pays for childcare when she has a job that brings her $0 an hour when she could be taking care of her kids for free. she doesn’t want the “shame” that comes from being a stay at home mom apparently 🙄
The business is called “Mom Meet Ups” wouldn’t that be aimed towards mostly stay-at-homes anyway? So she should stay at home!!
Maybe they should've showcased a different family as their main highlight to this issue.....
Samantha Epps that’s what I was thinking lmfao
They showed a family with a single mother.
UA-cam: Can I offer a video on a "privileged family complaining about their self inflicted expenses" in this trying time?
Why don't they live outside the city, then reduce their rent payments by 80%. Maybe the mum can stay at home and not and not pay daycare. They would probably be saving $7000 a month.
No because the mom wants to live in a certain area that makes her feel special
@@diamondsfurez7456 based
Rent in "cheap" cities is still outrageous. Unless you tie yourself down by owning a home and commute 1h or live in a small town with a dying economy, you're financially struggling
That's 7,000 dollars they could spend on literally anything. Maybe they should think of their kids (for once since they were born) and start making good financial decisions to... idk, SAVE FOR THEIR KIDS? Jesus all that wasted money.
They can’t do that or the wife would have to shut down her business bringing in $0 a year.
Also that's a bugaboo stroller. Those cost a minimum of $1000
Their problem isn't having a family. If they had one earner, 3 kids, and $45k a year I would understand. Their problem is their spending.
So you've never heard of birth registries? Baby showers?
@@ALLDAYKPOP shoulda asked for a cheap stroller and some $$$
And it cost $10 to make.
@@MilwaukeeWoman You're right in that they should definitely be economising more than they are currently. However, they also need to realise that raising children is probably the most expensive commitment you can make, so trying to start and run a business at the same time means taking on too many conflicting responsibilities, when you should instead prioritising earning an income and/or childcare. Also, if you don't think you can afford it, then why have 3 kids?
There are plenty of arguments for why childcare should be cheaper but this family are a poor example of how to deal with the costs. If they're supposed to be representative, then families like this need to budget their expenditure better.
So...save 60k a year and take care of your own kids
Yeah right & whose gonna pay the bills@home? It's crazy world & times! My God! We're paying & paying & struggling like chicken w out it's head!
Feminism. Women want to have their degrees and careers(which is fine) but still want kids with a man that still has a career and makes more than them. Feminists don't like it, but there is a reason women typically stayed home and why the man protected/provided. Not to mention the fact that these days kids are being raised by caregivers instead of their actual parents.
ezekiel1hen you sound stupid as hell lmao.
@@charlesbush1166 But that was a major part of the video... The primary example has a job that pays her $0.00 so year why doesn't she put that on hold and then go back to her business after her kids are old enough to enter school. This was just a bad example for this video, I wonder who she knows at CNBC to get on TV.
Agreed. I don’t feel bad for them at all. They are supposed to be a team. He brings home 100k but spends 5k a month in childcare. She makes zero money. She needs to stay home with the kids or go earn at least 60k to pay for childcare.
People, quit having kids that you cannot pay for. It is not the state's or employer's responsibility to pay to raise your kids. That is your job. If you cannot afford the total cost of a child, DO NOT HAVE THEM.
wish this followed a family who had a single parent working for money. Especially in poverty-stricken areas
YES. That would have been such a better move omg
How did you all miss the single mother chiming in the entire time??!
I did, and their story were important to be told. But the main family was a bad example and clearly failed to get people's sympathy and understanding. That's why following then was a bad move
$5000 for rent, damn move out of the city and getting a car would actually save money. I live in queens rent is lower.
How much rent??
No the solution is they keep paying rent they can't afford just so they can tell people they live in New York they never save any money and you bail them out Everytime something happens because they are children themselves
They dont even have to leave the city, just move further uptown. These people are doing it to themselves
@@brambakker1939 i pay 350 for rent 1 room in washington
@@npnjack1159 thats a good deal!!!
The wife could literally start her business online at home and take care of the kids. $5000 a month for daycare and she’s not even working! 🤦🏻♀️
Before getting pregnant a couple need to know if they can afford to have children
You’re right, She doesn’t wanna stay with them.
Jorge Armando Rodriguez Rodriguez accidents happen 🤷♀️ your probably one of them
@@Marie-di5gl lol my son was the result of what you just said, day after pill given literally less than one hour after we noticed the condom broke, wasnt until later that I realize the crap they give you at the store is way less powerful than what you could get from a doctor by just asking
@@DaMastaWilliams Get your kid's dna tested bro.
How do people like her get married and have children. Their decisions are awful! It's like a bad comedy about America.
It’s okay to be a stay at home mom lol you’ll save 5k a month 😬
Most American women won't accept it since modern feminism forces them to become strong and independent.
@@freaked-outcenk7990 ehhhhhhhhhhh I don't know about that I know a couple that are fine with staying at home. Isn't it more the choice to decide for themselves that their fighting for?
@@abrahamraji1605 Well...from the 70s to 90s, yes; they did want the CHOICE to work or be homemakers, but modern feminism is radical/extremist and most feminist scholars and leaders want to FORCE women to work and not marry, as well as trying to make all women lesbian and man-haters.
Maybe a stay at home dad as well...
It's their child too and since men nowadays wants to get credit for child then they should do it rather than doing bare minimum other than earnings. They should be involved physically and emotionally indulge and not only finalcially (ofcourse not all fathers). 🙂
I love being a stay at home mom. I know what my kids are eating, they are in the safest environment possible, and I’m not shirking on my responsibility and duty to them. My husband and I wanted them! Why would I not be home to care for them?! He’s so happy that I’m down for this instead of chasing a career.
I could never be a feminist omg
The video started amazingly :D
"We take 10k a month....whatever my financial adviser does. I don't actually even know because I don't want to know because it makes ill to think about.." Common sense 404
Right? I couldn't even SAVE UP $10,000 in a year...
Thank you!!
404😂😂😂
Problem is obvious. It's the wife who brings in nothing and doesn't do the childcare.
The worst part is is that day care workers are lucky if they see anything above $13-14 an hour...it’s ridiculous that people spend so much money on child care but the people who take care of them are barely paid
It's where you work . My wife started out 2 years ago at a day care make 16.5 hr now she makes 22
She could just hire a freaking nanny at that price wtf
This is the most idiotic news I've seen. Seriously $5000 for rent.
They're elitists. Cant you tell by just looking at them? They live a certain lifestyle that abnormal from us regular folks. Their apartment building, stuy town, is down near 14th st & its a whole bunch of folks just like them in that area.
1:20 her husband makes 100,000 after taxes and that's 65,000. I don't understand that part.
If the man alone makes 100,000 after taxes, then rent(5000) plus daycare(5000) is 10000/month. That's 120,000 a year.
At another point she said they don't take home more than 65,000/year. So the man alone makes about close to $140000/year gross. I don't know if the woman works or how much the she makes the since she needs daycare for her kids. Assuming she makes $65,000/year after taxes, it's still a very expensive place to live, even for a family that makes $165000 in net pay combined/year.
How many American families can say they make such money a year? It seems to me that they wanna be seen as part of the elite so they have chosen to live in Manhattan, MANHATTAN. And cnbc must explain to us dumbs how in their great wisdom, they chose this family that has decided to live over and above it's good means for this documentary.
@Zachm587 5000......
@Zachm587 near the end of the bit she also says "we're going to run out of money in a few months, and I have no idea what we are going to do after that." So her going back to work is not an option. Moving to a cheaper apartment off Manhattan is not an option. Changing anything about their lifestyle is not an option. She's pulling a Ned Flanders- "we've tried nothing, and we're out of ideas!"
@@adu5335 100k is BEFORE taxes (man you are terrible at listening) and a bunch of other things his workplace probably cut, 401k and such. where are you getting 120k a year? Are you ADDING expenses, instead of subtracting them? They already mentioned she doesnt get any salary atm in her business. So no, 65k is all they have plus savings to spend for $10k a month + actual living expenses. Man, your mathematics is messed up.
"How many American families can say they make such money a year"... every one who lives and works in new york makes six figures. its just very expensive there.
1. no way we're ever using childcare..
2. we either make our job schedules work so one of us is at home OR what I'm doing now is being a stay at home mom.
3. I am a mother of 3 and have a nice huge jogger stroller I bought for under $100.
4. when I seen that "$1, 600 bugaboo stroller" I was done with the video.. Nothing about this was a struggle to me lol
Shieva NOTHING
I agree. Just poor planning.
This is a manufactured crisis, she quit her job for one that pays no money and is complaining about not having money. This isn't a story and CNBC should be ashamed of themselves for using this as an example
You nailed it. I'm no fan of Trump, but when media channels like CNBC use irresponsible, entitled families like this to highlight issues, they're inadvertently supporting his arguments about "fake news" while also shooting themselves in the foot.
If childcare is prohibitively expensive, they should be able to find needier families to present as examples than this one.
@@GonzoTehGreat Exactly! 21:25 They briefly even mention low wage workers who have schedules outside of regular daycare hours but thats about it
There are so many better examples of this issue. Just her mentioning her financial advisor and implying she let's this person handle their money is so far removed from the average person.
It’s not manufactured though. I agree it’s not the best example but my mother had two jobs as a nurse while my father made over 100k. We live in California and this was probably the only way they could afford child care for both me and my brother.
Just because they chose the wrong people to represent the issue, doesn’t mean it isn’t a real crisis for a LOT of families in America.
In US everything is privatized...even essential services that should not be in the hand of corporate operation such as health care, electricity and these days, even water! After half of century's experience, we all know this extreme privatized services do not work. Young men and women filing for personal bankruptcy right out of their university because they can't keep up with their student debt. Seniors filing for bankruptcy because they can't pay for hip replacement surgery(which by the way is free in countries like Canada or Europe), young parents who have to work day and night just to pay for the day care in the US..
Something's not right!
$5000 rent+one income earner+one hobbyist pretending to be an entrepreneur = daycare is killing us
should have did working class blue collar workers but unfortunately, no one would watch it especially with this current presidential cabinet. Anything less than $60,000 a year roughly $5,000 a month is considered low income nowadays.
$5K for Manhattan rent is upsurd - I don't know anyone who pays that much in rent in NYC unless they live in a luxury rental. They need to move to get cheaper rent. Not sure why people are so surprised they're in these types of situations when the solution is in front of their eyes.
I know some families in NYC that pay more than that for proper room. I paid $2000 for 3 months there then left a few weeks early because it wasn't looking good for me not finding a job. But yeah if you only make 100k in NYC you are not rich and with 3 kids, you need to rent maybe 2 rooms and find a way cheaper day care. I think you could hire a live-in nanny for less than day care. Where I live you can get 2 nanny's for $250 plus simple food.
@D'Afrique Rousseau I don't live in the Bronx, I actually live in a good area of Brooklyn 10 minutes away from Manhattan. It's important to take your time and have options to see what is out there before locking yourself into an expensive apartment.
Nathan take home pay is 65 grand a year and as for me I make no money but I won’t watch my own kids. So I rather pay 5 grand a month on child care. 😂
And then complain about it lol
Makes no sense
If your husband is only earning $65,000 on net, why are you living in a $5,000 per month apartment? That leaves you with only $5,000 per year to pay for all of your other expenses. That makes no sense.