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army1987 comments on "NRx" vs. "Prog" Assumptions: Locating the Sources of Disagreement Between Neoreactionaries and Progressives (Part 1) - Less Wrong Discussion
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Part is what TheAncientGeek says, part is that present-day children have higher living standards than children a while ago, and if they were OK with earlier children's living standard (and didn't care about status signalling) they could probably get it with one parent's income (see also).
(Both Mr. and Mrs. Money Moustache and Julia Wise and Jeff Kaufman are raising children on a tight budget.)