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  1. #49
    Join Date
    May 2012
    Quote Originally Posted by blade View Post
    I don't stay home nor do I ever wish to do so, but I do think there are a couple of things to take into consideration. Firstly, there are a great, great numbers of jobs/careers/professions where you cannot sit out for a few years and ever hope to get back in in a meaningful way. Mine is certainly like that. Secondly, even if returning to the workforce is an option, many jobs require evidence of continuing education-- keeping up with the changing times, retaining certification, pursuing professional opportunities-- to retain membership in whatever field it is.

    In general, the more highly remunerative a field is, the higher the barrier of entry and the more competitive internally it is. Sitting out for 5+ years not pursuing any professional opportunity will place you at the exact bottom of the heap when trying to get back in.

    Even in high-earning fields you might not be able to afford staying home. Law school in the US costs on average about $140,000, and medical school costs $200,000. An MBA might run you $80K. Other Masters degrees, in public policy, public health, journalism, etc run between $40 and $100,000. Coupled with the cost of undergraduate education, if you finance your studies with loans you could easily have student loan payments topping $2000/ month (I personally know doctors who went to bad medical schools and who had to borrow every dime of their education who pay $4000/ month and will until they're 60). I would be very, very leery of attaining these degrees with no plans of using them, or using them for only a short time (too short to pay back your debt) and then staying home.
    The financial aspect was going to be my point too. If you're in massive debt it seems rather difficult to live on one income - esp if both people have massive student loans. If you don't have debt, I don't think it makes any difference if you are educated or not. (If you are going to home school it's probably advisable to have a great education you can pass on to your kids. Especially if they end up being gifted and needing extra academic challenges outside of the normal curriculums, or have particular difficulties that require you to have a wider understanding of education). In those situations (well all) one should consider, if paying for childcare is equal to or almost equal to what you would be making each year. If it's a net-zero game then it really can be purely on personal choice. While I've been working through grad school and have gotten financial grants - so I'll graduate with minimal debt - it would be ironic for me to be a SAHM if my SO and I ever had kids. He does have a BA but isn't thinking about grad school, while I could go for a second degree in a few years and be super happy. (I love being in school.) My mom was a SAHM and she had a MBA (which was a big deal at the time as she was one of the first 5 women to be accepted to her MBA program). But since she was older she got a good 10 years out of it before retiring early and being not only a SAHM but also a single mom.

    I opted for an MFA over an MA because it allows for a potential future job in academia (maybe tenureship) which would be great with future kids vacations and "school time" work hours. What can I say I'd want to be both super-mom and career women. (Yes, yes I know how difficult/impossible that is/can be - but a gal can dream).
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