One of the most common questions that every new parent faces is, “Should one of us stay home and care for our child(ren)?” It may not be with the first child, but as your children multiply, life becomes more expensive.
According to Motherly’s 2023 State of Motherhood report, 25% of survey respondents referred to themselves as stay-at-home parents, compared to 15% in 2022, which shows this question is becoming more seriously discussed in families, especially as childcare costs are rising at nearly twice the rate of inflation. Before making any major decisions, it’s important to focus on all of the financial considerations.
