Actually, you are pretty close with one exception. Back in your day, the male got off easy. Those roles are reversed today, and for nine months of discomfort, a woman get's a child to raise (not an easy task, mind you), and the male gets financial and legal encumbrances for the child. DNA don't lie, though both males and females will.
Any young man that has the ability to take brith control and doesn't is worse than stupid, he is bordering on criminally insane.