Having Children Can Ruin Your Retirement

You don’t have children to get rich.

From the moment a child arrives, parents pay more—for food, clothes, health care, larger homes, child care and education. The total tab for getting a kid from birth to the 18th birthday is $233,610, according to an annual estimate by the U.S. Department of Agriculture. And that figure doesn’t even include the skyrocketing costs of college tuition.

Parenthood has plenty of non-monetary perks, but the financial effects can last the rest of your life.

More than half of American workers are in danger of retiring without enough money, according to Boston College’s Center for Retirement Research. The center found that children should get at least some of the blame, according to a study released this month.