> People with no children will have higher time preference -- they prefer today's consumption over investment in the future.
On the other hand, people with children have less resources to invest and are generally forced economically to prefer today's consumption (eg. feeding, clothing, transporting, schooling their kids today instead of buying solar panel stocks for tomorrow).
On the other hand, people with children have less resources to invest and are generally forced economically to prefer today's consumption (eg. feeding, clothing, transporting, schooling their kids today instead of buying solar panel stocks for tomorrow).