I think the cost of children is a factor in the psychological well-being of the parents, so it's double counting to treat those as separate items. More to the point, you are not an average. While the effect of a child is slightly negative for the average parent, parents will vary widely in the effect of their own children on their life. If you are wealthy, in a stable marriage, and knowledgeable about parenting, then I would expect children to be net-positive for your well-being. I think a lot of the negatives of children stem from poor decision-making by the parents which leads to unnecessary stress.
If you are wealthy, in a stable marriage, and knowledgeable about parenting, then I would expect children to be net-positive for your well-being.
Yes. You should be able to easily take care about yourself (financially, logistically, emotionally), before you accept the burden of taking care about someone else who cannot reciprocate in the following few years.
Imagine that you have less time, less energy, and less money; every day, for the following few years. Plus some unexpected problems appearing randomly. This is how it is when you have a baby.
In return...
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