A study published in the Journal of Applied Psychology says that men with traditional thinking (women should stay at home, look after them and children) make more money than men who think that men and women are equal and women should have careers.
Now this is not what I think. I have always supported the idea that women should pursue their own careers and dreams. Yes, there is some evidence that couples who both work also increase their expenses to a point that they do not save as much, do not spend enough time as a family, and that affects their relationship.
So before you ask your spouse to quit her job, it is important to understand that this study does not necessarily prove anything. What I have found is that men who are already successful tend to choose spouses that are more likely to stay at home. (Related: My husband does not want me to work)
- First, rich men often pick girls based on looks rather than careers or education. These girls typically come from either rich families or are gold-diggers (sexy women who want to find a rich guy).
- Men who already have high-paying jobs are spoiled, do not like to share house chores, and want to be spoiled when they come home. They also prefer that their wives take on the major responsibilities of raising children.
- A third dimension is that when rich men are liberated from the responsibilities of managing a household and/or raising children, they can focus on their careers. As they spend more time building their careers, it often leads to professional advancement and higher income.
So unless you are in the position that I described above, do not conclude that just because a woman quits her job, your family income will go up. It will actually go down and you will not be able to achieve your financial goals.