The Financial Burden of Parenting: Planning for Generations in Advance

Families in the U.S. are planning generations in advance due to the lack of adequate parental leave policies and financial support. With only 21% of parents having access to paid parental leave in the U.S., compared to legal requirements abroad, parents are taking matters into their own hands. They are saving for their children's maternity leave and even their grandchildren's college expenses. The financial burden of raising a child, including pregnancy costs, childcare, and education, is prompting parents to plan early to ensure their children have the necessary support and opportunities. The gender pay gap and the "motherhood penalty" further emphasize the need for better support systems for working mothers.