Good to know that I could have owned 2 Ferraris without kids. (But probably couldn't afford the maintenance)
But TBH, it didn't feel the kids cost that much growing up. It was only when college tuition hit that those costs became much more evident. Sure would be nice to get 2 x $10K credit on my tax return.
Quote:
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The U.S. Department of Agriculture published a report using 2015 data that estimated expenses of child rearing from birth through age 17 in a middle-income family of two adults and two children is $233,610. With inflation, that number translates to almost $286,000 in 2022.
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