‘Factor in taxes, transportation costs, clothing and lunch — what is the true net that you bring home after salary?”
April 18th, 2012Radical Homemakers: Reclaiming Domesticity from a Consumer Culture by Shannon Hayes
Making It: Radical Home Ec for a Post-Consumer World by Kelly Coyne
“What if the millions of so-called dropouts are onto something?”
Via: CNN:
After factoring in the rising cost of child care, the daily commute and other work-related expenses, a growing number of mothers are figuring out that having a job just doesn’t pay.
“It comes down to a cost analysis and I have several clients that have taken the route of quitting,” said Anna Behnam, a financial advisor at Ameriprise Financial in Rockville, Md. “Factor in taxes, transportation costs, clothing and lunch — what is the true net that you bring home after salary?”
Over the past few years, the debate over which lifestyle is more financially feasible — working and paying for child care versus staying at home — has come up more often among Behnam’s clients than ever before.
For most working parents, child care is by far the greatest expense.
This doesn’t surprise me. Last year we spent nearly 1/3 of our income just on various taxes! It’s ridiculous and it’s getting worse.