How much does it cost to raise a child in 2026?

According to reports from Hometap, the total cost of raising a child in the U.S. has now surpassed $300,000. This figure represents a 28% increase over the last three years. These rising expenses are significantly impacting family budgets and long-term financial planning for parents. The data highlights the growing economic pressure on households as they manage the increasing costs associated with child-rearing in the current economic climate of the United States.