Two employees from Fontanka meticulously calculated the expenses associated with raising children, comparing these costs to potential career gains and investment strategies. The analysis challenges the notion that children are a guaranteed source of financial security in old age, while also questioning the assumption that children inevitably hinder career advancement.

The investigation began by examining the argument that the costs of raising children outweigh any potential financial benefits they might provide later in life. The analysis considered expenses ranging from basic necessities to education and even initial housing costs. It contrasts these expenses with the potential for career advancement and the accumulation of savings.

The article presented two hypothetical scenarios: one of a steady, average-income earner who invests in raising a child, and another of an ambitious, high-achieving individual focused solely on career growth. The calculations revealed that while a successful child could potentially provide financial support in old age, this outcome relies on numerous optimistic assumptions. These assumptions included the child’s health, career success, and willingness to support their parents.

The study then explores the alternative of investing the money that would be spent on raising a child into savings accounts. Calculations show that consistent savings over 18 years, reinvested until retirement, could yield a substantial sum, potentially exceeding the financial benefits derived from a supportive child.

Ultimately, the article emphasizes that the decision between prioritizing career and financial investments versus having children is not purely financial. It highlights the intangible values of family connections, personal fulfillment, and the potential for children to inspire and enrich one’s life, regardless of their financial contributions. The authors suggest that while financial calculations offer some insights, they cannot fully capture the complexities and uncertainties of life choices.