The Loneliness and Financial Burden of Millennial and Gen Z Parents
Millennial and Gen Z parents are facing challenges of loneliness and high childcare costs. Many young parents find themselves isolated, as they have moved away from their families or lack support from peers who either can't afford or choose not to have children. The cost of childcare has tripled since 1991, and other child-rearing expenses, such as baby food and diapers, have also significantly increased. These financial pressures, coupled with a lack of community and societal support, are leading many young people to reconsider having children altogether. Policy solutions, such as affordable housing, childcare, and reducing student loan burdens, could help alleviate some of the challenges faced by young parents.