our comfortable retirement is dependent on a good crop of reasonably successful children being born now, or in the previous 5 years.
It benefits us that those children are brought up to be balanced, rational pragmatic people. Perhaps extended child care might be the thing that does it?
I suspect that five years is indeed too much.
However perhaps the answer is one year "off" plus cheap, good quality child care from 1 year plus?
I would say 3 year is pretty good as kids starts to gain a lot from socializing after that age.
Why would this be absurd? It's perfectly normal. Looking after a toddler is hard 7/24 work with little time to spare. Of course you can go to work and instead pay for a house cleaner and a baby sitter to look after your house and your kid because.. work is more important? Or what is your argument here?
In Europe the baby boomer generation reached retirement and in the meantime the number of kids per household decreased. There is not enough people to pay the pension of the old and many governments are motivated to increase the number of kids by any means - like making it a financially acceptable or even desired to have 3+ children.
That's basically my plan, but running a business/contracting/freelancing is not for everyone. Sooo thankful I have my own insurance though.
Sweden has one of the more generous programs that pays up to $41K/year (USD equivalent) or 80% of your income, whichever is lower. That amount is actually quite good if you're living modestly, but it may not be what people earning $100-150K have in mind when they see "paid parental leave".
Definitely better than nothing, though!
I have two kids, 2.5 years apart, and there was one year in NYC where a small family daycare was running us ~$5k per month in childcare. We'd been aiming for the kids to be a bit further apart, partly for financial reasons, but shrug, it didn't happen that way (first kid took a lot longer of trying than the second). We're fortunate in that we can afford that, but it did impact our long-term savings and eventual home ownership.
I honestly don't know what the working poor do. I guess you're not aloud to move away from extended family.