Raising children is a significant financial burden, averaging $389,000 from birth to 18. A Redditor calculated potential earnings loss from not having children, estimating $1.2 million missed over 22 years and up to $2.6 million if children remained at home until 30. Initial costs for the first five years are estimated at $20,000 annually, totaling $120,000, factoring daycare, food, healthcare, and other expenses. This analysis reflects on the economics of parenting versus potential financial gain without children.
Raising a child until the age of 18 costs, on average, $389,000, highlighting the financial burden of parenthood.
One Redditor calculated that not raising children could potentially lead to $2.6 million in compounded earnings, raising questions about opportunity costs.
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