The average cost of raising one child in the United States is $300,000. Of course, this amount can change from family to family. However, some immediate costs are linked with having a child. Firstly, doctor fees, delivery costs, and other costs include diapers, child care, clothing, formula milk, and extracurricular activities like sports and music; expenses include toys, games, and traveling with their children.
In this study by AAA State of Play, we will outline and discuss the number of children per family in different countries and regions. The World Bank has declared that the average birth rate worldwide is 2.3 children, while in other regions, such as Sub-Saharan Africa, it is 4.6. The lowest birth rate is in East Asia and the Pacific, with a birth rate 1.5. For countries, the highest birth rate is in Niger, with 6.8 children per family. Followed by Somalia and Chad, with a birth rate of 6.3 children. The lowest rate is in Hong Kong, South Korea, and Palao, with 0.8 children per family.