DH and I are also doing this. Their are compromises and on balance I am not sure if it's worth it. Our household income is around 400k, but we both work 12 hour plus days, plus holidays and a few hours each weekend. We have three DC and we work flexibly so that we can spend extra time in the week with them.
- The financial benefits are sucked away largely by childcare costs - we have a nanny, plus nursery and school costs. This means my take home pay is in effect 2-3 grades lower.
- It's exhausting - I average about 5 hours sleep, and there is no let up or space for me or my husband to have our time. I am writing this whilst trying to get the toddler down. I hope it will get better as this isn't healthy.
- None of our peers at work have this experience. Without exception my boss and leadership team all have stay at home spouses. I often want to scream that yes I've delivered a fuckinh awesome piece of work but I have done so on fuck all sleep, whilst ensuring that everything in the house keeps running.
I would say that in my experience it's often tougher on women. My friend will say that DH is one of the most involved when it comes to childcare, but the entire burden of running the house (food in the fridge, birthdays, play dates, vaccines, school) falls to me and I am constantly and finally jealous that he lives a life knowing I will get this done.
So why do I do this ? Out of my cohort of school, uni and professional friends, two work full time in roles appropriate to their qualifications and one of them (my most senior successful friend) is about to quit.
I think my reasons for still being in this situation are twofold. I genuinely love my family time and kids and I also genuinely love my job. I have a fairly high tolerance for stress.
Second, I guess I am trapped. I didn't understand how all consuming being a parent is, and the constant logistics of running a house for a family compared to your life as a couple. We also hadn't planned on private school but eldest has SEN. My role shouldn't be as demanding as it is, and I would move but it's harder to find senior jobs at my level and I don't at this point have the energy or risk appetite to start at another firm.
My life plan is still pretty much my teenage one - win the lottery !