![]() Today, they are placing more value on shared family experiences and making lasting memories than on material possessions,” said Linda Murray, Bab圜enter Global Editor in Chief. “Given their new financial realities, parents are redefining what the American Dream means to them. It’s not the traditional American Dream that 81 percent of moms said they expected to follow, but even with harsh financial realities, these parents are creating rich, rewarding family lives. ![]() Also, 1 in 4 is receiving financial aid from a parent or family member, and 1 in 3 is experiencing relationship issues with their partner due to working longer or irregular hours. Bab圜enter also found that 9 out of 10 moms are in debt and nearly 4 in 10 don’t see a day when they will be entirely debt free. In 2016, 7 out of 10 moms say they are worried about having enough money to raise their kids – a 5 percent increase since last year. More than 1,100 Bab圜enter moms completed the survey, which found that parents spend an average of $13,000 per year on each child. Cost of Raising a Child report, which examines the rising cost of having a baby. PR Newswire, San Francisco – October 5, 2016īab圜, the #1 pregnancy and parenting digital resource, today released its 2016 U.S. Bab圜enter Cost of Raising a Child Report Explores What the American Dream Means Today More Than Half of Moms Say Their Attitudes Toward the American Dream Have Changed Only 5 Percent Prioritize Owning a Home 90 Percent of Moms Value Experiences Over Material Possessions While Nearly 60 Percent Say Top Priority in Life Is Being Happy ![]()
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