spending on your kid into investing in your kid
to the first edition of the Till Newsletter. Each week will focus on a theme
and bring you interesting articles, insights from our research, and highlights –
including compelling videos – from other parents sharing what they’ve learned.
We hope that you will join the conversation by following us on
Instagram and Facebook – and of course, subscribing to this newsletter.
you hadn’t noticed, raising a kid is expensive.
average, parents spend a total of $273,000 on a child from birth to adulthood, which averages
out to $15,000 per year. Across the US, this adds up to over a trillion
dollars per year.
it does not stop there.
launch, parents are spending a total of $500 billion dollars on adult children each year. Double
what they are socking away into their retirement accounts. And, more young adults live at home than any other living arrangement –
for the first time in 130 years.
none of this spending and support is translating much in the way of financial
skills for our kids who have historically low scores in financial literacy.
Over the weeks and months, this newsletter and the Till application will
change this trend. Stay tuned.