(ANSA) – NEW YORK, AUGUST 19 – Raising a child costs at least $ 300,000. According to an estimate by the Brookings Institution, reported by the Wall Street Journal, the expense that a middle-income married couple with two children would have to face is $ 310,605, an average of $ 18,271 per year, to raise the youngest child born in 2015. until the age of 17. A cost that has risen due to inflation, which is nearing the maximum of the last four decades.
Brookings Institution uses a previous government estimate as a reference, with adjustments for inflation trends, and points out that the multi-year total has increased by 26,011, more than 9%, compared to a calculation based on the inflation rate two years ago. . The estimate covers a variety of expenses including housing, food, clothing, health care and childcare, as well as other necessities such as diapers, haircuts, sports equipment, and dance lessons.
“Many people will think twice about having a first child or even another child, because everything costs more,” explained Brookings researcher Isabel Sawhill. And the increased expense of raising a family could disproportionately affect low-income households, she added. (HANDLE).
Source: Ansa
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