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Parenthood Postponed: Millennial Family Goals are Changing
Manage episode 413893024 series 3424497
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In a world where the cost of living is constantly on the rise, millennials are facing a unique financial dilemma: to have or not to have children.
This week on PennyWise, Nat Cardona is joined by NerdWallet's personal finance writer Kim Palmer to unpack the economic factors influencing family planning decisions. With childcare expenses skyrocketing and the median household income struggling to keep pace, many are choosing to delay or forego parenthood altogether.
Tune in as we delve into the NerdWallet survey's findings, explore the cost of raising a child today, and discuss the creative ways parents are navigating this financial frontier. Whether you're considering starting a family or looking for ways to manage the costs, this episode offers insights that hit close to home. Don't miss this candid conversation on the financial realities shaping a generation's approach to family life.
"It is so expensive now to have children, to pay for their childcare, to pay for all of their other costs, that people are actually deciding not to have kids." - Kim Palmer
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