For me it is. I get to stay in my home, comfortably, and do what I enjoy. Caring for my kids, cooking, baking, cleaning ( yes I enjoy cleaning)... doing my crafts, volunteering where I want etc. My husband has blessed me with this opportunity to be the parent and mother that i want to be.
Yes, and no. There are times when the mom wants to work, but can't for reasons out of her control (child with special needs, for instance). But for others, if a wife prefersto stay home, then yes it is a luxury.