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The Brookings Institution is making a media splash with its estimate that it now costs more than $300,000 to raise a child through high school, an estimate first shared with our news colleagues at the Journal. Others are picking up the figure as if it’s a shocker. We don’t dispute the number, but that isn’t the way to look at it.
No doubt it takes money to feed, clothe and educate a family these days, and inflation isn’t helping. But children aren’t merely cost centers. Even ignoring human affection and thinking in the most utilitarian terms, children are assets—to the families who raise them, to the nation in which they are born, and to the world to which they will contribute across their lifetimes.
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