The Cost of Family

Scott Burns writes today about the high cost of raising a family. He only goes as high as two children, demonstrating how much people need to increase their earnings just to stay even (clue: it takes more than just staying up with inflation). From a financial point of view I seem to have gotten myself with a double whammy. Not only do I have three children, but I’m also in a profession where I don’t have much power to increase my income each year (though sometimes I’m able to keep up with inflation). But children are worth it, and we need more people who value children over financial comfort.

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