After having children, the average person’s consumption outlook usually undergoes some changes. Here are some possible changes:
1. Increased family living costs: After having children, family living costs increase significantly. This includes baby products, diapers, formula, food, health care expenses, education expenses, and more. People provide the necessary support for their children's needs and growth.
2. Prioritize children’s needs: Children’s needs often become the primary consideration for family consumption. Parents may give up some of their own consumer desires to ensure that their children receive the care and resources they need. They may prioritize purchasing their children’s clothing, toys, books, and education-related products.
3. Invest in education and entertainment: Children’s education is one of the focuses of parents. They may choose a high-quality school or educational institution for their children and be willing to spend money to provide additional tutoring or training. In addition, parents will also invest in their children's recreational activities, such as outdoor sports, art training, interest classes, etc.
4. Increased health and insurance spending: Parents generally pay more attention to the health and safety of their children. They may increase their health insurance coverage and purchase a more comprehensive health insurance plan to ensure that their children receive appropriate medical care in the event of an accident or illness.
5. Increased awareness of saving and financial management: The birth of a child increases the financial responsibility of the family, so many parents will pay more attention to saving and financial management. They may create a budget plan, look for discounts, reduce unnecessary expenses, and start focusing on the family's long-term financial planning.
These changes may vary depending on an individual's values, financial situation, and cultural background. Every household has its own unique spending outlook and trade-offs, so these are just some common variations in general.