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>the average family in the developed world nowadays is more impoverished than their grandparents?

The "resource" for raising multiple children in their grandparents' world was a stay-at-home mother

The resource for raising multiple children now is tons of cash

Both my grandmothers worked and/or studied while bringing up my parents.

So did my wifes' and pretty much everyone in that generation that I know of.

They didn't travel or party much that's for sure.

Good to hear about your family! Is this supported by macro trends?

It was USSR, there was no concept of a housewife.

Labour participation was about equal for men and women (i.e. excluded students and pensioners).