A 2021 study by the Census revealed that childless adults age 55 and older had a median net worth of $153,900 compared to $130,400 for biological parents.
I make ~$200K a year. As a father of 5, I wish I had not had a single one. I love them, but the stress of taking care of them coupled with the future of the planet makes me regret life choices.
I find it interesting that you cite the stress of raising them as a factor in your regret. Could you not tell that was going to be an issue around the time number three came around? That's not intended to be accusatory btw. I'm genuinely curious.
Not OP, but I've found that the older they get, the harder it gets. Schedules are all over the place, and they start advocating for things they want to do that don't fit neatly into the family calendar (vs when you were able to choose everything for them).
Expectations for parents have also skyrocketed. Your "best" now is far different than what the 1990s parents were expected to deliver. And, of course, you love them and want to provide them everything they need, so you bend over backwards to make it happen. That's what society demands, too.
I don't have as many kids as OP, and I can't fucking imagine wrangling five in the current world...😳
Maybe they meant it like “there is now stress for helping pay for college at a higher cost than when they were born.” Or being stressed knowing if the family lives in a HCOL area (typically where those salaries are offered), they might not be able to live there as well with the current trends in housing costs.
TLDR: things have changed for the worst for newer generations, parents can see it.