Parenthood costs about $300,000 on average according to the U.S, Department of Agriculture. That’s why it comes as no surprise that a recent Pew Research Center survey found many childless U.S. adults under 50 are choosing not to have children at all, with more than a third (36%) of them citing financial concerns as their reason to not have children. In this week’s brief, we discuss findings from this Pew survey, and how potential parents can save up for child-rearing expenses. Read more here.
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Forbes Advisor is a global platform dedicated to helping consumers make the best financial choices for their individual lives. We support your pursuit of success by making smart financial decisions simple, to help you get back to doing the things you care about most. We do this by helping turn your aspirations into reality. By arming you with trusted advice and guidance, you can make informed financial decisions you feel confident in and achieve your financial goals. Visit Forbes Advisor for unbiased personal finance advice, news and reviews, plus a comparison marketplace that helps you find the financial products that best fit your life and goals.
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Employees at Forbes Advisor
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Troy Young
Media executive, advisor, investor, operator. Former Global President Hearst Magazines.
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Startup CEO | Public Company Board Member | Insurance & Insurtech
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Advisor. Global Benefits
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Lawrence Sprung, CFP®
What did you do today that brought you joy?® ⭐ Denise’s husband, Zach and Jeremy’s Dad 📝 Forbes Advisor Board* 📘 Author of Financial Planning Made…
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Forbes Advisor reposted this
The joy of welcoming a child into the family can be priceless—but the cost of raising one is an enormous financial undertaking. We're talking hundreds of thousands of dollars. The exorbitant cost to raise a child dovetail findings from a recent Pew Research Center survey: many childless U.S. adults under 50 are choosing not to have children at all, with more than a third (36%) of them saying they can’t afford kids as their reason to remain childless. In this week’s Forbes Advisor Weekly Brief, we discuss findings from this Pew survey, and how potential parents can save up for child-rearing expenses. Give it a read here. ⬇
Parenthood costs about $300,000 on average according to the U.S, Department of Agriculture. That’s why it comes as no surprise that a recent Pew Research Center survey found many childless U.S. adults under 50 are choosing not to have children at all, with more than a third (36%) of them citing financial concerns as their reason to not have children. In this week’s brief, we discuss findings from this Pew survey, and how potential parents can save up for child-rearing expenses. Read more here.
Higher Costs, Fewer Cradles: 36% Of Childless Adults Under 50 Report They Can’t Afford Children
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