Report: Raising a Child Costs Over $300,000 Due to Soaring Inflation

Skyrocketing inflation is increasing the burden on American parents to raise children, according to the Brookings Institution.

The Wall Street Journal published the left-wing institutions’ analysis that found it can cost up to over $310,605 to raise a child in today’s economy, which works out to an average of $18,271 per year to raise a child born after 2015.

Per the Journal:

The multiyear total is up $26,011, or more than 9%, from a calculation based on the inflation rate two years ago, before rapid price increases hit the economy, the Brookings Institution said.

Contributing to the high cost of raising a child is soaring food prices, the analysis noted. (Read more from “Report: Raising a Child Costs Over $300,000 Due to Soaring Inflation” HERE)

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