Heres how much it costs to raise a child in 2024: ‘Far more expensive than expected [Video]

If you’re wondering how much money you will need to raise a kid this year – or how much you would save by not having one – a recent survey has figured it out for you.

According to a new LendingTree survey of more than 2,000 U.S. consumers, parents of kids younger than 18 years old spend an average of $11,505 a year per child – or $207,090 over an 18-year period.

The survey, published Monday, found that men spend the most money raising a child, at $13,901. That’s followed by millennial parents at $12,484.

Across all parents, 75% said that having and raising children has been “far more expensive than expected.”

Most survey respondents (90%) agreed that it would be easier to raise a child if they had more money. In addition, 77% of parents said they’ve had to make financial sacrifices for their children, most commonly by reducing personal spending (81%), delaying investments or retirement (37%) or …