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International Business Times
International Business Times
Business

It's Not Luxury Cars or Designer Bags. Having Three Kids May Be The New Sign Of Wealth.

Rising childcare, housing and everyday living costs are forcing many American parents to weigh the financial implications of expanding their families. (Credit: Getty Images)

Expensive cars, designer handbags or sprawling vacation homes are some of the most common signs of wealth. But a new difference between America's richest families and everyone else may be something far more ordinary: a third child.

Nearly half of families in the top 1% of the income distribution have at least three children, compared with about 40% of other families in the top 10%, according to a new analysis of Federal Reserve data.

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