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He has even warned that civilization will disappear if fertility rates dont go up.
Musk has certainly done his part to curb population declines.
Hes the father of 14 children, spread across several partners.
Its more expensive to raise a child in the Northeast, where the average cost is $264,090.
However, these numbers are based on 2017 dollars.
A dollar in 2017 had the same purchasing power as $1.30 in todays money.
Thats $1,145.15 per month.
Thats $164,901.60 per year and $2,803,327.20 over 17 years.
Those costs are even more stunning when you account forinflation.
The monthly costs jump to $17,864.34 per month and $214,372.08 per year.
It comes to $3,644,325.36 over 17 years.
The study also includes how the money gets divided across different categories.
it’s possible for you to also have all of your children under the same healthcare plan.
However, the family can also consider a public school in their area if they have great options.
Private schools will be much more expensive since you have to put more children through their doors.
This format is much easier if one of the spouses is willing to homeschool.
Its getting increasingly expensive to raise a family.
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