Raising a child now costs over $300,000, study finds
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The Bottom Line
A new LendingTree study found that raising a child now costs over $300,000, even with tax benefits.
How This Affects You
Raising a child now costs over $300,000, which could significantly impact your family planning and household budget decisions.
AI Summary
A new study by LendingTree found that raising a child now costs over $300,000. This increase in cost was observed even after accounting for tax exemptions and credits. The finding highlights the significant financial burden families face when planning for or raising children in the current economic climate. This substantial expense can influence family planning decisions and household budgets across the country.
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