Why inflation is making us have fewer babies [Video]

Is inflation making American families have fewer children? Yes.

According to the Department of Agriculture data and inflation statistics from the Bureau of Labor Statistics, raising a child in 2023 could cost an average of $331,933 from the time a child is born until the age of 18. And that’s without the cost of a college education. 

In 2015, the cost of raising a child was calculated at just $233,610 and since then costs for day care, food and housing have skyrocketed. This means that, compared to nine years ago, an American family will need to come up with an additional $100,000 just to get one child through high school.