Children are expensive. But what may surprise you is children are far and away more expensive for women than men. How much does it cost to be a mother? The cost to raise a child from birth to age 18 is pegged at $250,000, but this number represents only out of pocket costs — food, clothing, extra-curricular activities, and so on. It doesn’t reflect the hidden costs and sacrifices parents make in lost income by switching to less demanding jobs, declining promotions, switching to part-time work, or even withdrawing from the workforce, temporarily or permanently. But these costs are not borne by each parent equally. Mothers disproportionately shoulder the financial, as well as physical and emotional, burden of raising children becaues they are almost always the primary caregiver. The Motherhood Tax The “Motherhood Tax” or the “Motherhood Penalty” is used to describe the financial penalty women experience for having children. […]
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