Raising a child in the U.S. costs an average of $23,000 per year for families with two working parents. Costs vary by state, ranging from $16,000 to over $35,000 annually, according to SmartAsset, using data from the MIT Living Wage Calculator.
The primary expenses for parents include childcare,
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Chisom Michael
Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.
