Are You Financially Ready to Have Children?
Finances are a major reason why Millennials have fewer children than previous generations. In fact, the U.S. birth rate fell 4% in 2020 to its lowest level on record, about 56 births per 1,000 women — half of what it was in the 1960s, according to CDC data.
Where does your financial situation need to be to feel good about having kids? To get an idea, I asked — a CERTIFIED FINANCIAL PLANNER™ professional and a new father —
