alt Hacker NewsWe don't have a trust fund, of course, which is why I'm working to earn an income.
My wife currently stays home with the kids, although that might change down the road. She doesn't have any trust fund or inheritance either, of course.
However, although I'm earning the money, it's 100% a shared resource. It goes into a shared account. I'm pretty sure that's a legal necessity since we're married, but it's how we'd choose to do it anyway. There's no division between my finances and hers.
We married each other to be a team together forever, but even if we separated, our finances would be divided in half between us. If we'd wanted to fend for ourselves, we wouldn't have gotten married, and certainly wouldn't have had kids.
She feels sorry for me having to go to work every day, but it's a logical division of labor because I have much higher earning prospects.
I say this because I want to understand your definition; are we a traditional household in your view?
>are we a traditional household in your view?
In the context of the original comment by pkaler, and subsequent replies from basswood, mschuster91, purplerabbit, and nradov, I understood "trad household structures" to be one where the man in a husband/wife relationship sells his labor to someone else and the woman does not.
So yes, but, I would note that there is probably a difference (for the purposes of this conversation) between the following:
A couple that earns median income per year and still chooses to have only one income earning spouse specifically so the other spouse can spend more time with the kids, whilst making significant sacrifices in other aspects of life such as school district, kids' activities, vacations, material goods, etc.
And a couple where one earns significantly above median income and can afford to have only one income earning spouse without making significant sacrifices.
In the context of the entire chain of comments, I would assume purplerabbit was referring to the first type of couple, who choose to forego many of life's luxuries in favor of child rearing, and that is the type of "household structure" that nradov was saying is not popular, except "when women have no other options" (i.e. women's rights allowing them to be financially independent).
>However, although I'm earning the money, it's 100% a shared resource. It goes into a shared account. I'm pretty sure that's a legal necessity since we're married, but it's how we'd choose to do it anyway. There's no division between my finances and hers.
There isn't in my marriage either, but I would still advise my wife to maintain her ability to earn income in case I were to go crazy, lose my job, or some other risk. And I would advise my daughter of the same.