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Millennial parents didn’t expect kids to be so expensive—and it’s stressing them out. 

Feb 11 2020

Millennial parents didn’t expect kids to be so expensive—and it’s stressing them out. According to a Bank of America survey, 59% of 24-to-41-year-olds said they underestimated the cost of raising their children. Gen Z and Millennials tell YPulse supporting a family is a top financial worry, and we found that 69% of 13-to-36-year-olds think having children would negatively impact their finances. But compared to older generations, they’re still surprised at the costs—perhaps because raising a child under 18-years-old now requires more than $230,000, according to Merrill Lynch. (Business Insider)