A new LendingTree analysis finds that the lifetime cost of raising children has jumped by over 25% in just the past two years.
It’s no secret that raising kids in the U.S. has become grossly expensive. The price of childcare alone has ballooned over the past decade, with many families reporting that it costs them at least a quarter of their annual income. Across many states, families need to earn an average of $180,000 to comfortably afford infant care; the high cost of living in states like California and New York can require an income exceeding $250,000.
