Love or finance: does the first child determine whether you will be poor in old age?

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Many couples who want to live on equal financial terms fail at the latest after the first child. This phenomenon, also known as retraditionalization, can push women into poverty at an older age. Begs the question: how do you manage your shared finances in a timely and fair manner?

Mother’s Day is just around the corner: for Monika* it’s the first ever, as her firstborn was born just eight months ago. Since then, she has been on maternity leave and is caring for their child at home. The couple still remembers the time when they talked about their ideas about equality in their family structure, but in the end they came back to the classic division: Monika stays at home, her partner Lukas* goes to work.

Source: Krone

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