Michael Goldberg, research director of the Social Planning and Research Council of B.C., looked at three different family configurations and each family is financially ahead if the second parent earns $30,000 and work-related expenses are excluded.
For two-parent families, it is assumed the second parent earns $60,000 a year.If the other spouse makes less, it's likely both would have to work outside the home and cut corners just to get by. Goldberg
looked at the bottom lines for:
• A single parent earning $30,000 with a three-year-old in day care at $600 a month.Net income after tax and employee deductions and child-care expenses: $23,001.
• A two-parent family with one parent earning $60,000 and the second parent staying at home with the three-year-old with no earned income.Net income without child-care expenses: $40,165.
• A two-parent family with one parent earning $60,000 and second earning $30,000 using child care at $600 per month for their three-year-old.Net income: $58,621. Goldberg
assumes the two-parent family puts $8,000 into registered retirement savings plans, which is deferred income and reduces their taxes.He
assumes the single parent can't afford RRSPs. Gregson, 40, is a full-time assistant at the child-care office at Simon Fraser University and has worked for most of the lives of her four children, aged eight, 11, 17 and 19.Her
youngest was just seven weeks old when she
went back to the office.
"My children had an excellent start because of quality child care, a better start than being home alone with me all day."
Not only has she
managed to raise well-adjusted, socially and academically proficient children, her
paycheque improves their quality of life because her
husband does not earn enough to support the family alone. She
suggests women who stay home full-time and are financially dependent on their partners are potentially vulnerable.
Juergensen, 39, says child care allows her
to work three days a week as a community programmer with Burnaby parks and recreation department.She is also completing a general studies degree at SFU while still being the adult who spends the most time with her only child, Emma, 4.