My husband did not intend to be a stay-at-home dad. It happened circumstantially, and we as a family are grateful for it. But not everyone gets it.
I recall a conversation with a cab driver who simply could not comprehend why my husband was not the key earner for the family. A distant relative on my husband’s side once thanked me profusely for being the provider. And I’m fairly certain this would not have happened if the roles were reversed.
Society has always thrust the caregiver role upon women, and while the idea of stay-at-home mothers doesn’t necessarily raise eyebrows, men in that role still draw surprises in 2024.
But across the world family equations are changing, albeit at a slower pace. Between 1989 and 2021, the share of mothers who were not employed for pay in the US decreased slightly, from 28 per cent to 26 per cent, a report by the Pew Research Center last year found. Over the same time span, the share of fathers who were not working increased from 4 per cent to 7 per cent.
Due to these diverging trends, dads represent 18 per cent of stay-at-home parents, up from 11 per cent in 1989, the report said. Meaning, roughly one in five stay-at-home parents is a father.
My husband, Karthik Balasubramaniam, lost his job 10 years ago over several disagreements with his employer. After searching for other jobs, taking a course to launch a food business and trying other avenues, he finally followed his heart. He took a risk and began giving guitar classes, and gradually added more students.
But after we had our daughter six years ago, following a complicated pregnancy that required a lot of support from family, we had to shift gears completely.
My husband has always had a way with kids. He's the type of adult who can entertain babies and even make them go to sleep. His patience barometer is far higher than mine, which makes him a natural fit with little ones.
While focusing on his guitar classes in the afternoon, my husband managed my young daughter’s routine, from her meals to dropping and picking her up from day care. I mostly donned the chef’s hat. So while we shared responsibility for household chores, childcare was tilted more heavily towards my husband.
The Covid-19 pandemic took a major toll on our routine. My husband’s classes, which had to go online, dwindled significantly. But once we were out of the pandemic, our daughter transitioned to a regular school and we gradually settled into a new schedule.
In 2022, when I got a new job working in shifts and our second child was born, my husband shouldered a big part of the household responsibilities as we navigated baby parenthood again.
We continue to share tasks; however, my husband manages the personal finance department, our plants, breakfast, food packing and my daughter’s schedules, from play dates to swimming classes and school bag. Cooking, groceries, school projects and clothes fall under my domain.
He is always busy, too. Not playing video games and watching Netflix, but learning about investments, health and nutrition – and on his music when he has the time.
If you are wondering, yes, we have had several discussions about whether being a single-income household is viable in a city like Dubai with two kids. We have had chats about goals and the future.
I asked him while writing this piece whether he is happy being a stay-at-home dad. “I don’t know,” he said. But we firmly believe in living in the present and are grateful for the choices we have.
I recently asked my daughter how she would describe her father to someone. “He makes me pancakes, takes me to my friends’ houses and I love him very much,” she said.
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
UAE currency: the story behind the money in your pockets
If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
The stay
Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Baby Driver
Director: Edgar Wright
Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James
Three and a half stars
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
Armies of Sand
By Kenneth Pollack (Oxford University Press)
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
'Falling%20for%20Christmas'
%3Cp%3EDirector%3A%20Janeen%20Damian%3Cbr%3E%3Cbr%3EStars%3A%20Lindsay%20Lohan%2C%20Chord%20Overstreet%2C%20Jack%20Wagner%2C%20Aliana%20Lohan%3Cbr%3E%3Cbr%3ERating%3A%201%2F5%3C%2Fp%3E%0A
The specs
Engine: 1.5-litre 4-cyl turbo
Power: 194hp at 5,600rpm
Torque: 275Nm from 2,000-4,000rpm
Transmission: 6-speed auto
Price: from Dh155,000
On sale: now
The%20Letter%20Writer
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Company%20profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
UAE currency: the story behind the money in your pockets