Answers

Steven B.

Senior Financial and Business Professional, Board Member & Devoted Father

see all my questions

The Ultimate Status Symbol? Multiple kids!

The Ultimate Status Symbol? Multiple kids!

Yesterday, I was on the train to New York City, and happened to have a copy of September issue of Details Magazine. There, on page 194, I read a short yet very interesting article about fatherhood (both past and present) and its correlation to financial, physical and moral superiority. To sum up the article to those who haven’t read it, or aren’t interested in spending 5 minutes reading this piece, the article points out that those fathers who ultimately have multiple kids (more than 2!) are proving their power and wealth. Question to the Linkedin Community: Do you agree with the article? What have you experienced with such a phenomena? And if you want to answer: how many kids do you have, and what do you do to raise and make “the most” of your {multiple} children?

Direct link to article:
http://men.style.com/details/features/full?id=content_5793

Have a good week everybody,
- Steven Burda, Open Networker
burda.mba@gmail.com

posted September 6, 2007 in Wealth Management | Closed

Share This Question

Share This

Answers (134)

John Carlisle (.

President at Secured Systems Management

see all my answers

I have 5 kids. You have to be strong to handle a family that big. My wife is pretty strong... :p

posted September 6, 2007

Roberta Z.

Export & Trade Finance Manager at Natixis

see all my answers

Best Answers in: Using LinkedIn (2), Advertising (1)

Dear Steven,
I'm one of those who have not read the article, even if you kindly posted the link, but I can try an Italian answer:

If you have multiple kids (>2) in Italy (especially in cities / big towns), you're for sure proving that you have a good earning and your own parking place!

Roberta

posted September 6, 2007

Robert M.

Product Manager at Merchant Warehouse

see all my answers

Wow - interesting article; interesting new take on what was once considered a "bad choice" that poor Irish-Catholics did (like my family). I had never thought of my (almost) 5 children as a "status symbol", especially when I pull my 1999 Toyota Corolla into the corporate parking lot and wave hello to my peers and associates as they pop out of their Lexus or Audio or, heck, even their 2007 Hyundai!

Now I feel SO much better.

posted September 6, 2007

Curtis C.

Multi Industry Experienced Manager

see all my answers

I have two children and one on the way. You have to have a support network (strong wife etc.). I do everything I can to see they succeed. Spend as much time with them now while they are young to develop the skills they will need later on in life. And yes, I have sacrificed a lot to do this.

posted September 6, 2007

Harry M.

Datawarehouse Developer at Carolinas Healthcare System

see all my answers

My third child is now 8 weeks old. Having the third makes me organize my time and resources better than I did with "only" 2.

Its more of a change than I expected.

posted September 6, 2007

Zach P.

Experienced Global Member Representative

see all my answers

I think it depends on the culture. In the United States it usually means that a person is religious and/or wealthy. I have seen in other countries where a family has lots of children amidst poverty. In some third-world countries, the wealthier person has less children than the poorer families, because the purpose is more to have lots of children to take care of you when you're older.

I believe that children are a blessing and to have many is a blessing, but there needs to be some planning.

posted September 6, 2007

Rick K.

Lead Development Engineer; PG Enterprise Storage; Dell, Inc.

see all my answers

read, Sidney Poitier's "The Measure of a Man" in which he states the measure of a man is how he takes care of his children --

Links:

posted September 6, 2007

Sean Patrick T.

Catalyst, Deal Maker, Enterprise IT Architect, & Client Advocate

see all my answers

As a father of 1, I must be well on my way to "proving my power and wealth" :)

Seriously though, I think your last question is most relevant, as my experience growing up on the North Shore of Chicago and now on the Monterey Bay is that there are far too many fathers in the world with multiple children who spend little/no time with their family due to both the perceived and actual financial commitment in raising such a large family.

Different strokes for different folks though, as I have many friends and associates who want nothing to do with children and view having a "family" as a burden to their lifestyle. Though this is an ideology I don't subscribe to, I realize they simply grew up with a different perception on what family is and means.

Personally, I look to those men who have been able to architect their lives such that they both work hard and provide value to the world AND are able to spend quality and meaningful time raising their children with their wives as figures I hope to learn from and emulate.

posted September 6, 2007

Christos N.

Scientific Informatics-chemoinformatics; data driven discovery; HPC

see all my answers

I saw a similar article in a British newspaper back in June. I even took the paper home to show my wife since we have 4 kids and almost noone else we know does. It made us feel good.

I guess in richer countries it signals one of two things: either you are well-off or religious. And with the current trend as far as religiousness in richer countries I'd think most people with multiple kids are better off financially indeed.

posted September 6, 2007

Josh B.

Publisher at THP Media

see all my answers

You cant borrow children. Being debt free is not a status. Its good, but not a status. Status in the most part is something that can be seen.

posted September 6, 2007

Janette C.

Marketing Manager Membership Services

see all my answers

Best Answers in: Staffing and Recruiting (4), Using LinkedIn (4), Change Management (3), Ethics (3), Mentoring (2), Offshoring and Outsourcing (2), Organizational Development (2), Telecommunications (2), Freelancing and Contracting (1), Government Policy (1), Personnel Policies (1), International Law (1), Internationalization and Localization (1), Business Development (1), Lead Generation (1), Search Marketing (1), Corporate Governance (1), Labor Relations (1), Planning (1), Hedge Funds (1), Career Management (1), Professional Networking (1), Business Plans (1)

Steven,

Hi, I don't believe mutiple kids are the ultimate Status simple. Perhaps I am setting my sights low but my idea of an Ultimate Status Symbol would probably be a Mercedes Maclaren SLR. However, on a serious notes for some cultures Children are their parents future wealth and security, the more they have the more the family's earning potential and ability to build on what their parents started grows and the greater the likelihood of future financial security. In these cultures the success of the children is the status symbol e.g. First mother: my son is a Doctor. Second Mother: My son is a Consultant. In some cultures a sign of great status is not having any kids i.e. you are so successful and important you don't have time for kids.

I only have one child and have no intention of having more. To make 'the most' of my precious one, I try to ensure he has a safe secure home life with loving parents who allow him to learn and develop and ensure he understands the importance of education and the choices and advantages that are available by ensuring that he has a good education. I think the best thing I can do is strive to ensure he has the ability to develop his potential, that way if we don't leave him a massive inheritance he can earn a living in a competitive world.

posted September 6, 2007

Stacy S.

Consultant

see all my answers

Best Answers in: Risk Management (1)

I had so many kids that I "raised" while in the Army, I felt that I only need one of my very own! :)

Many kids nowadays leave the nest without the skills to IMHO opinion survive in this world. I know that experience plays a big part, but the fundamental skills that a parent should impart is missing.

I say many because I've got a new kid on my team, 21 years old, who has the maturity and poise of someone much older and I see him going far. I meant his sister at a company event, and she too is very mature. They openly praise their parents as giving them the tools to make it far in life.

posted September 6, 2007

Vadim G.

IT Service Center Manager at McCombs School of Business

see all my answers

Best Answers in: Web Development (2), Education and Schools (1), Personnel Policies (1), Corporate Governance (1), Philanthropy (1), Ethics (1), Starting Up (1), E-Commerce (1)

I think the article proves that you really do not need to know anything to write for the magazines and you could just come up with stuff to be read.

1) All of the afluent families I know have 1 child, and very rarely - 2. Nobody has more than 2 - you either make money or kids.
2) The situation changes as the family has less and less - the poorer the family, the more kids they have. And it also works in reverse - the more kids you have, the more reseources you spend on them, the less you have to spend on other things for yourself. I know, I have 3. That is unless you are content on driving a Porsche, and having your kids dress at Walmart and go to YMCA for daycare and extracurricular activities.
3) Is this like the old joke:
- How old are your kids?
- 10,9,8,7,6,5 and then we decided to buy a TV for the bedroom
So even that doesn't support more kids=more money premise.

I do think though that families that have a lot of kids display their future wealth - wealth of memories, wealth of fun at dinner table, wealth of stories at Thanksgiving and Christmas get together, and wealth of grandkids.

:)

posted September 6, 2007

Misty K.

Business Development Consultant / Favorite Client Cloner

see all my answers

Best Answers in: Using LinkedIn (6), Customer Relationship Management (5), Starting Up (3), Business Development (2), Enterprise Software (2), Public Relations (1), Organizational Development (1), Pricing (1), Professional Networking (1), Small Business (1)

Verne Harnish has concentrated pretty hard on life work balance in his newsletters and I think he has collected some great information from his readers that you might find relevant to this question. See Verne's blog article "False Msculinity" at http://verneharnish.typepad.com/ for information on a rite of passage program for his children.

Links:

posted September 6, 2007

Lesley P.

Head of Recruitment at ICSA Recruitment

see all my answers

Hey.. i never realised what a status symbol I had... or doesn't it count if you are the woman... suspect not... as if it was not always our choice.. i mean.. men don't really still believe they control this do they?
i have six... yes six children and since divorcing 8 years ago have done it largely on my own.. now only two at home.. a doddle. Was instumental in what i did when I returned to work.. had to do a sales job and have some control over correlation between effort and income. A s a man it may be seen as evidence of his prowess or income but as a woman it can all too often be defining. I am not the woman with six children.. but so much more.
now it is lovely. They are friends and companions and we are so much less demanding and palce so many less expectations. They can be what they want to be. ......... and when i am old and infirm.... no... doesn't work that way!!!

Clarification added September 6, 2007:

PS... My children and i enjoy a good life style, the older ones are all in work, graduates with positive futures... do i want a ferrari... well maybe.. would I want it instead of a child... NEVER

posted September 6, 2007

Jon B.

President at Circulation Service America, Inc. - CircServ

see all my answers

Best Answers in: Using LinkedIn (3), Government Policy (2), Small Business (2), Education and Schools (1), Economics (1), Government Services (1), Staffing and Recruiting (1), Public Health and Safety (1), Work-life Balance (1), Criminal Law (1), Internet Marketing (1), Viral Marketing (1), Starting Up (1), E-Commerce (1)

I would mirror Curtis on "what am I doing with them now". I have two daughters of my own and a step-daughter. They are 15, 17, and (almost) 18 at this time.

I know in China, where the 1 child law has been in place since the early seventies, Having a second kid (as a city dweller) shows that you're making your lot in the private sector - like raising a fist and saying "the government can't take anything away from me".

Most of the BIG families I've known have not been particularly wealthy. Later, as all those kids grow up, there is usually a stronger support system and the kids are often quite successful. They can lean on each other as opposed to having the parents as the only support.

It's all about HOW they are raised more than anything. Work ethic, the importance of education, respect for others, intorverted/extroverted environment... All that nature/nurture stuff probably plays more of a role than number of siblings.

posted September 6, 2007

David B.

European Sales Director at Industrial Defender

see all my answers

Best Answers in: Business Development (3), Lead Generation (1), Manufacturing (1), Enterprise Software (1)

I have 3 children, (plus a very supportive wife who looks after them whist I am away a lot). One of our children has profound special needs.

Status symbols? I don’t think so!

Does it mean I have a life outside work? Yes.

Does it mean I have priorities, focus and values? I hope so.

Would I swap them for a debt free life and a Ferrari? No way.

posted September 6, 2007

Michael S.

Senior Software Developer at NBC.com

see all my answers

Best Answers in: Organizational Development (1)

What do wealth and power have to do with moral superiority???

posted September 6, 2007

JR G.

Experienced business professional

see all my answers

I think that the idea of multiple kids being a status symbol or whatever really holds some weight. The more important aspect of children, or family for that matter, is more that at the end of days what is someone going to remember most? Their job - not really. Their Mercedes - no. They're going to think of their family and their kids - to me, that's the most important part of life. We all work to see our family be happy, successful and have whatever they need.

There is a common generational wish that the kids to better than the parents. I know I want my kids to do better (I have 2). I therefore say there is some validity, but I would not say it is the Ultimate status symbol though.

posted September 6, 2007

Bruno R.

e-payments specialist

see all my answers

Best Answers in: Ethics (5), Using LinkedIn (5), Mentoring (4), Business Development (3), Software Development (3), Economics (2), Personnel Policies (2), Staffing and Recruiting (2), Offshoring and Outsourcing (2), Change Management (2), Organizational Development (2), Education and Schools (1), Occupational Training (1), Financial Regulation (1), Risk Management (1), Government Policy (1), Treaties, Agreements and Organizations (1), Internet Marketing (1), Viral Marketing (1), Graphic Design (1), Public Relations (1), Sales Techniques (1), Writing and Editing (1), Planning (1), Equity Markets (1), Futures Markets (1), Philanthropy (1), Social Enterpreneurship (1), Project Management (1), Personal Investing (1), Wealth Management (1), Market Research and Definition (1), Product Design (1), Positioning (1), Small Business (1), Blogging (1), Computers and Software (1), Information Security (1), Web Development (1), Wireless (1)

Hi Steven,

Hum, didn't read the article yet (will do) but in a first place, I'd say I don't agree. You may like to have a look at a free research paper titled “From Quantity to Quality of Life: r-K selection and human development”
by Pr. Francis Heylighen & Jan L. Bernheim.

Just do a search on the title, you'll find it.

If there's a phenomenum like what you describe, I'd rather say it's an Amercian "WASP" point of view.

My 2 cents...

- Bruno.
p.s. I have no kids and I'm currently single. It does help me to find a job more easily.

posted September 6, 2007

Joe W.

Owner Technical Ventures LLC,30,000 #10 Most Connected Worldwide

see all my answers

Best Answers in: Using LinkedIn (11)

I am a single father of three that make me keep my priorities in order I believe this make me stronger as a father and in the work space!

posted September 6, 2007

Gregory B.

Senior Architect at UST Global

see all my answers

Never my intention, and I have four girls. My wife wanted three and we had an "accident". I imagine I can afford more children than the "average" person, but it is not for status.

I can also tell you how stressful multiple girls can be, especially when one is not present (currently the youngest is in the hospital). When you have three, two team up on one.

posted September 6, 2007

Cheryle R.

eCommerce Marketing Programs Manager at Xerox

see all my answers

The only thing that having multiple kids "proves" is that your plumbing works and you chose to have unprotected sex. ;-)

posted September 6, 2007

Michael G.

Localization Professional

see all my answers

I have three kids. I sure don't feel wealthy. Not after kissing my salary goodbye and watching it go into their 529 accounts and daycare, etc, etc. They also seem to want nothing more in life than to eat everything in sight and not stop growing. At least we never have to worry about the milk or bread going bad any more. :-)

Though I have to say, I am proud of them!. Perhaps that's where the "wealth" & "Status" comes into play for any father. They sure are great looking kids! Also, there's no better feeling for a dad than having people smile at you all and admire them while you've got all three in tow during a walk down the street.

posted September 6, 2007

Kurt W.

Consultant at KJW Consulting

see all my answers

Best Answers in: Using LinkedIn (6), Career Management (2), Customer Service (1), Job Search (1), Economics (1), Compensation and Benefits (1), Change Management (1), Organizational Development (1), Manufacturing (1), Quality Management and Standards (1), Market Research and Definition (1), Web Development (1)

While I understand what the author is conveying, it think it is more of a status symbol among the Right-wing Christian demographic, and that as a general status symbol are those that had 1 or 2 early in their adult life, and now that they are about to be empty-nesters, go back and have a second small family of 1 or 2 children. It's their change to take advantage of the affluence they have attained and the lessons they learned over the previous 15 - 20+ years and this time have fun being a parent now that tye have completed the on the job training from the first set. Some of these second nuclear families are their own biological children; some are adopted, in many cases internationally. To all of those that are giving parent hood the second co around, Congratulations and Good luck!

posted September 6, 2007

Kevin C.

Call Center Quality Specialist

see all my answers

Best Answers in: Mergers and Acquisitions (1), Personnel Policies (1), Staffing and Recruiting (1), Exporting/Importing (1), Internet Marketing (1), Business Development (1), Corporate Governance (1), Planning (1), Ethics (1), Biotech (1)

If that is the case, then the couple that has 15 or 16 kids and their own reality show must be rolling in money.

I would have to disagree with the article. In the past, you had to have several to work the fields and the inevitable loss due to disease for some of them. But in the modern era, say 1960's onward (I'm thinking of the amount of cureable diseases), I would think its more of a religious or family tradition to have several.

posted September 6, 2007

Marc J. M.

Program Manager at Symantec Corp

see all my answers

I should mention that the status is considered void if they're not married. The reason becomes clear in a moment. A father with multiple children have these things going for him:

(1) He has a happy marriage, indicating a stable enough personality that some woman has been willing to carry and raise "his" children.
(2) He wants to do a good job in his work so that he can financially support his large family.
(3) Morally he's setting a good example for his children.
(4) Physically, God wants his lineage to continue.
(5) For purposes of a job interview, men with children are considered more stable and less likely to quit after a short time.

In the U.S., it's unusual to have multiple children for no other reason than the status symbol (I would expect that more in Japan), but that doesn't change perceptions.

posted September 6, 2007

Page: 1 2 3 4 5 next »