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Benzinga
Benzinga
Business
Jamela Adam

The Price of Parenthood Is Soaring: U.S. Families Could Face Over $82K Annual Costs by 2035

Pandemic’s Short-Term Impact

Parenthood is already expensive, but a new global study shows that things could get tougher for parents. The annual cost of raising a family in the United States could top $82,000 by 2035, according to Remitly's Global Family Inflation Index. 

Although the U.S. hasn't seen the steepest percentage increase in these family‐related costs over the past decade compared with some other countries, the absolute expense level is already among the highest.

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