Something I have been insisting on: right now, the rich are having more kids, not fewer, than the poor, reversing a long-standing demographic pattern.
The ultimate status symbol for a finance bro? Three kids and a Rivian.
What distinguishes the 1% from the merely affluent? How about having a third child.
New post on a topic I've long been fascinated by (the economics and financing of having a third kid) where I finally felt bold enough to go into the latest SCF microdata to get a good answer. /1