Simultaneously, modern parents often invest more in children’s safety and enrichment than past generations. Such forces push up the relative price of childcare, particularly in high-income areas. For instance, the average annual cost of full-time center care in Washington, DC, for infants was as high as $26,193 in 2024.
Growing a family can feel more expensive still due to other costs: larger houses, bigger cars, more food, and new clothing. The biggest cost for many families is the opportunity cost. For mothers in particular, temporarily exiting the labor force can reduce lifetime earnings or promotion opportunities, an issue exacerbated by regulations discouraging family-friendly or remote-work arrangements.
To support families with children, policymakers often favor increased government spending. But things like baby bonuses or unpriced childcare are expensive and primarily pass on costs to other taxpayers. In the case of childcare subsidies, associated regulations on staffing and government standards of care often drive up the cost of provision, making childcare more expensive, including by eradicating cheaper, more flexible options.
A better approach to make raising a family more affordable is to remove misguided regulations that drive up the costs of raising a family. Chapters 3 and 8 in this handbook detail how such an approach could reduce housing and food prices, respectively—core expenses to families with children. The recommendations below apply the same approach to childcare and other goods and services associated with raising children.