Families now spend an average of $222,360 to raise a child from birth to age 17—a 53% increase over the past fifteen years. (1) That’s one person working full-time nearly six years to cover the expenses of raising one child! During the global financial crisis and ensuing recession, median family net worth fell by over 38% from 2007-2010. For many, that’s nearly two decades of savings wiped out in just a few years! These troublesome trends are requiring most of us to rethink our jobs, opportunities, income—and of course, our expenses. But in spite of
