The basic costs for raising a child in the U.S. equal about $20,152 annually, according to 2021 data.
for gas, airline tickets and clothes gave Americans a little bit of relief in May 2022, though overall inflation is still running at close to its highest level in four decades.
The reprieve offered no certainty that prices would stay on the decline. Inflation has slowed in the recent past only to re-accelerate in subsequent months. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Even if it were to fall to 4% — less than half its current level — Pugliese suggested that the Federal Reserve would need to keep raising interest rates or at least keep them high.
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