Why raising children is so expensive in the U.S.

Why raising children is so expensive in the U.S.

Raising children is expensive in the United States, and families are feeling the pressure. The U.S. Department of Agriculture published a report using 2015 data that estimated expenses of child rearing from birth through age 17 in a middle-income family of two adults and two children is $233,610. With inflation, that number translates to almost $286,000 in 2022. Here’s why it’s so expensive to raise children in the U.S. and some of the policies the federal government could implement to help.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!