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It's getting more expensive to raise a child, here's how parents are getting by

Summary by WTKR
As families navigate rising expenses, a new report reveals the financial challenges of raising children.According to LendingTree the annual cost to raise a child has gone up by 35% since 2023. Families spend an average of 22.6% of their income on the basic annual expenses to raise a child, up from 19% in the 2023 LendingTree study.Its shocking, but I guess it's also in line with everything else that's pretty expensive now. I mean, just a carton …

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WTKR broke the news in on Friday, May 23, 2025.
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