Here’s What it Costs to Raise a Child in the US Today

Ask any parent about raising a child, and that parent will likely say the gig isn’t easy. It’s also expensive and those costs start early.

While costs accumulate for child care for multiple reasons, child care is one of the largest costs, for economic demand issues.

“Child care is the number one reason it’s so expensive to raise a child in the US. This comes down to simple supply and demand, where the demand for daycare, camps, and other child care far outpaces the availability of programs,” Sabatier said. “This causes daycares to raise their prices and creates a vicious cycle where now daycare has outpaced inflation and definitely outpaced wage growth, which before this year was historically low. Family salaries and budgets just can’t keep up.”

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