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That totals $297,674 over 18 years.
Heres why experts say $5,000 wont help cover thefinancial needs required to raise a child.
The data Ive analyzed shows that one-time payments dont really move the needle on birth rates, Lokenauth explained.
Countries that have successfully boosted fertility rates like France and Sweden theyve implemented comprehensive support systems.
Were talking paid parental leave, subsidized child care, healthcare coverage, the works.
Throwing $5,000 at people is like putting a band-aid on a broken arm.
Its like giving someone a down payment while taking away the foundation.
This proposal completely ignores the massive childcare crisis were facing, Lokenauth pointed out.
In most major cities, daycare costs more than rent (Im not even exaggerating).
Ive worked with families paying $2K+ per month for infant care.
That $5K bonus: Gone in less than 3 months.
How Much Money is Really Needed?
According to Lokenauth, a lot more money is needed for a baby bonus.
The current proposal feels more like a political gesture than a serious attempt to address our demographic challenges.
Is This The Future?
Its sorta like offering someone $500 to move across the country, Lokenauth stated.
Nice gesture, but completely disconnected from the actual scale of the decision.
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