Gone are the days of our parents and grandparents having three or more children being comfortably supported by a single income. These days, we are more used to seeing both parents working overtime, accepting extra freelance projects, and trying to start up business ventures from home all to support the expenses of one child while also balancing the time and energy needed for childcare.

The dramatic decrease in global birth rates are often associated with factors such as education, access to contraception, and lifestyle choices, but the most common reason is the high cost of having children. With inflation rates of approximately 3.6% in the Philippines for the first half of 2024, married couples and parents definitely feel the impact of the high cost of raising a child.

Is parenting a privilege of the wealthy? Married couples share their views about financial preparedness being a prerequisite to responsible parenting.  

Continue reading “Is Parenting a Privilege of the Wealthy?”