…. The cost of having children in the U.S. has grown exponentially since the 1960s, when the government first started collecting data on childhood expenditures. Between 2000 and 2010, the cost shot up by 40 percent.
As of 2015, American parents spend, on average, US$233,610 on child costs from birth until the age of 17, not including college. This number covers everything from housing and food to childcare and transportation costs. As a mother myself, as well as a sociologist who studies families, I have experienced firsthand the unexpected costs associated with having a child.
This spike costs has broad implications, affecting everything from demographic trends and human capital to family consumption…..