A new survey is showing that nearly half of the parents admit they are not financially prepared to have a child, indicating that parenting has become a financial burden amid the rapidly increasing cost of living.
According to the first annual Policygenius Parents & Money survey, 42 percent of parents said they were not financially prepared for the expenses that come with raising a child. Policygenius is a New York-based online insurance marketplace.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.