I had my first kid with 38 and I wish it would have been sooner. I love having a kid now. But I worry about staying healthy enough to do the fun things I want to do with them.
And grandparents are a major factor, too. They are a great help, and also they really enjoy being with their children. Supposing my kids also wait until they are 38 to have kids, my odds at enjoying quality time with grandchildren are greatly reduced.
I'll probably be almost of pension age when my kids finish their education. That's another thing where I worry I might not be able to help them out as much as I could if I would still be earning money and connected in the business world.
It would perhaps be different if I had toiled and saved money all the time up to age 38, but I didn't. If you have kids, odds are you get more serious about those things.