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Why Aren't Even The Wealthiest People Having Offspring? Elon Musk Is Right. Having Kids Is Not An Economic Decision
The Federalist ^ | 05/25/2022 | Rich Cromwell

Posted on 05/25/2022 8:02:15 AM PDT by SeekAndFind

Why aren’t even the wealthiest people having offspring? Because having kids isn’t about money, it’s about priorities.

For the first time since 2014, and after decades of almost constant decline, the total fertility rate in the United States rose in 2021. But before you start popping bottles to celebrate, here’s what the birthrate looks like in graphic form, and no, that’s not a crude drawing of a ski jump.

Source: Wall Street Journal

In response to this, Elon Musk, who has seven children, most of whose names you can pronounce, tweeted, “Contrary to what many think, the richer someone is, the fewer kids they have. I am a rare exception. Most people I know have zero or one kid.”

While it’s great to see the eccentric billionaire highlight the value of children, his pronouncement doesn’t go too far enough. It’s not just that the ultra-wealthy or regular wealthy people aren’t having kids, it’s that no one is, hence the graphic. In short, the baby boomers gave birth to a baby bust.

The Biological Imperative Isn’t About Buying Stuff

Given all the battles over sex and abortion right now, it’s obvious that people greatly enjoy the activity that leads to children, as they should, but they tend to get a little neurotic about the natural result of that activity. We’ve covered the fact that having kids isn’t about economics before, but as that lesson didn’t stick, I guess we need to circle back to it again, Psaki-style.

Because what’s implied in Musk’s tweet is a longstanding argument for why people don’t have kids: the cost. If people have money, why aren’t they breeding? But as the famous quote that no one said goes, there are usually two reasons a person has for doing something: a perfectly good one and the real one.

Leaving aside that in this case we’re talking about something for which there isn’t really a perfectly good reason, plus that the topic is what people are not doing, Musk gets to the heart of the real reason. How can prosperous people in prosperous times be expected to self-actualize in a maximally fulfilling way if they’re stuck caring for offspring?

To put it another way, how can men and women become excellent workers, climb the corporate ladder, and contribute to the GDP if they’re taking time off for things like doctor’s appointments, school award ceremonies, sports, trips to the playground, trips to the emergency room, trips to the grocery store, and trips to theme parks, where they may or may not catch Covid?

We’ve All Become Wooderson, Just L-I-V-I-N’

Never mind that children are insanely expensive, which also contributes to the GDP, the problem is that the real goal here isn’t furthering society or swelling the GDP, but just living, l-i-v-i-n’. We’re caught in a doom loop, much like many old mainline churches, in which people aren’t so much afraid of what financial challenges the future might hold as they are solely invested in today.

By way of example, there was a story an Episcopal priest once told me about helping get a church in a retirement village going. When going over the finances, the vestry, that is the governing board, didn’t want to invest in a baptismal font, their reason being that they were in a retirement village and none of them were having any more children. When the priest pointed out that no baptismal font meant no grandchildren being christened in the parish, the money quickly became available.

As a nation, we’ve embraced the same initial mindset, and not solely because fewer people are going to church than ever. Post-WWII abundance led to a focus on the present, rather than the future. As more people focused on their own present, and that present’s concomitant luxury needs, they started having fewer children. They started seeing their legacies as being enshrined in spreadsheets rather than in the lives of their offspring.

And it’s not working out well for us.

When the real reason that people don’t have kids is because of the effect it will have on their present lives, and again, it totally will!, they lose sight of the truth that civilization functions best when we aspire to make things better not so that we might enjoy them, but so that future generations can.

Sure, true visionaries will invent and create because they are driven, but most of us aren’t true visionaries. We won’t have biographies written about the companies we founded or the time we launched a car into space just for the heck of it.

We May Be in the Playground, But We Can Still Look to the Stars

But if we think beyond our inability to be remembered for greatness, or accept that we might not even be broadly remembered at all, we can focus on positively affecting change, whether it be in nurturing local institutions, preserving natural spaces, updating the neighborhood playground, or maybe, just maybe, building a rocket, so that our true legacies will be able to enjoy them after we’re gone.

While it’s true that having kids isn’t a necessary precursor for any of that, children do more concretely connect us to the time when we will cease to traverse this earthly plane. They remind us that life continues after us. They change our focus from tomorrow to 50 years from tomorrow. That’s why, in a follow-up tweet, Musk added, “Population collapse is the biggest threat to civilization.”

Elon, the world’s wealthiest man, has done his part to stay connected to the future with his seven kids. I, the world’s richest man, have done mine with three. Now it’s time for everyone else to get with the program and start getting busy. We are flesh and blood, not economic atoms, and though our time is limited, our reach can be limitless, even if we never get around to building a rocket of our own.  


Richard Cromwell is a writer and senior contributor at The Federalist. He lives in Northwest Arkansas with his wife, three daughters, and two crazy dogs. Co-host of the podcast Coffee & Cochon, you can find him on Facebook and Twitter, though you should probably avoid using social media.


TOPICS: Culture/Society; News/Current Events
KEYWORDS: children; economy; elonmusk; hedonism; musk; truthsocial; twitter; wealth
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1 posted on 05/25/2022 8:02:15 AM PDT by SeekAndFind
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To: SeekAndFind

We stopped at two, mostly because we started late.


2 posted on 05/25/2022 8:12:52 AM PDT by 31R1O
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To: SeekAndFind

Well couples aren’t getting married either as never before. asically the trend has been to live pretending you’re married. So there’s no foundation there for children.


3 posted on 05/25/2022 8:14:35 AM PDT by caww ( )
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To: caww

Not taking marriage seriously or considering it important came first, then redefining it - after all, if it isn’t important to people, why do they care how it is defined or what its purpose is?


4 posted on 05/25/2022 8:16:17 AM PDT by Republican Wildcat
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To: SeekAndFind
A lot of it is work related. If you listen to women, the complaints about juggling work and child care are constant. In addition to stagnant or falling wages, people are also expected to work harder and be available off-hours and weekends. There's not much money nor time left for having & rearing children.

If you want to solve this problem, you need to restore wages to the point that a single earner can support a household. This is what Hungary did to restore its birthrate. Here, we let Goldman-Sachs suggest more immigration to push wages down further to ensure corporate profits.

5 posted on 05/25/2022 8:18:50 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: SeekAndFind

The author missed one, thinking people don’t think it is responsible to bring children into such a lousy world. This has nothing to do with money or career or self-actualization.

Musk is over exposed. He is a person and not the oracle of all knowledge and wisdom. He has seven children that he can’t have time for. He has spread his seed on the wind and left for another flower. He has a track record of this.


6 posted on 05/25/2022 8:20:50 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: pierrem15

But even Hungary has failed to restore its birthrate with those subsidies. There is something more to this.


7 posted on 05/25/2022 8:23:32 AM PDT by Clemenza (In event of a Civil War, a face diaper is a great way to spot the enemy)
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To: Republican Wildcat

But they fight like h*ll for abortion in case they do get pregnant.


8 posted on 05/25/2022 8:24:14 AM PDT by caww ( )
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To: SeekAndFind

It’s been said that 90% of the people are caused by accidents.


9 posted on 05/25/2022 8:24:15 AM PDT by Vaduz ( )
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To: SeekAndFind

Kids are expensive and the equivalent of taking a second full time job. Let’s also not forget the issue of “marriageable” partners of either sex within prime birthing age. Also, most of the world is seeing plummeting birth rates - Mexico is about to drop below replacement level is one example closer to home.


10 posted on 05/25/2022 8:26:17 AM PDT by Clemenza (In event of a Civil War, a face diaper is a great way to spot the enemy)
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To: SeekAndFind

Look at the crybabies on this very thread. Nothing but excuses and special pleading. People of European descent are not reproducing at a level even close to replacement. They have chosen death. So have China and Japan. The future belongs to the black and brown skin people willing to populate it.


11 posted on 05/25/2022 8:27:03 AM PDT by Romulus
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To: Sequoyah101

According to his kids he does have time for them....drives them to school every day and planned events for family on weekends. He and his former wife have shared custody.


12 posted on 05/25/2022 8:27:11 AM PDT by caww ( )
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To: SeekAndFind

These fertility rates reflect the individual decisions of millions of people, and millions of couples.

There are many interrelated factors, I’m sure, which have caused the decline in birth rates.


13 posted on 05/25/2022 8:27:36 AM PDT by Dilbert San Diego
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To: pierrem15; V K Lee

If you want to solve this problem, you need to restore wages to the point that a single earner can support a household.

* * *

Two people working and therefore not having enough time to raise kids is the major issue.

If suddenly, half of families in America decided to have one wage earner out there, prices would necessarily fall due to a lack of demand. And the quality of life here in the USA would improve.


14 posted on 05/25/2022 8:28:51 AM PDT by poconopundit (Hard oak fist in an Irish velvet glove: Kayleigh the Shillelagh we salute your work!)
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To: Clemenza

Well my mom raised four of us on her own after dad died at 36 yrs. We were poor but never knew that. Mom was an exceptional woman and she worked full time.


15 posted on 05/25/2022 8:28:51 AM PDT by caww ( )
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To: SeekAndFind

That it’s almost impossible to be in the same room for more than 20 minutes with women of child bearing years might have something to do with it.


16 posted on 05/25/2022 8:28:56 AM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: 31R1O

We stopped at two as well. We were open to having more children, but we never got pregnant again after our 2nd. We know that one’s fertility/vitality/ability to conceive, declines with age. The fertility in both men and women decline with age.


17 posted on 05/25/2022 8:29:22 AM PDT by Dilbert San Diego
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To: Romulus

Oh come on. There are 1.5 BILLION people pf European decent. 500 years ago there were only 1.5 Billion people on the entire planet!!!


18 posted on 05/25/2022 8:29:25 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Romulus

Most Hispanics have more European DNA than native or African even if they are mixed. Also birth rates have plummeted throughout Latin America (which is populated by people of many races including unmixed white folk) If by “brown” people you mean Indians/South Asians (who are what most of the world thinks of when it comes to brown people), the birth rate in India is 2.2 and falling.


19 posted on 05/25/2022 8:30:50 AM PDT by Clemenza (In event of a Civil War, a face diaper is a great way to spot the enemy)
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To: SeekAndFind

Well, then we can allow more undocumented immigrants into our country to bolster our population numbers...


20 posted on 05/25/2022 8:31:01 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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