Why inflation is making us have fewer babies
Fox News
Raising a child in 2023 could cost an average of $331,933 from the time a child is born until the age of 18. And that’s without the cost of a college education.
Ted Jenkin is CEO and co-founder of Oxygen Financial and president of Exit Stage Left Advisors.
In 2015, the cost of raising a child was calculated at just $233,610 and since then costs for day care, food and housing have skyrocketed. This means that, compared to nine years ago, an American family will need to come up with an additional $100,000 just to get one child through high school.
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