For this Mother’s day Kevin Voigt took a look at the tradeoffs that mothers make:

• It takes about $241,000 to raise a child. And that doesn’t even include the cost of college.
• But that is just the tip of the iceberg. According to one estimate a mother produces $119,000 worth of unpaid output a year.
• If this were included in GDP calculations it could boost many country’s GDPs by up to 50%.
• The longer women wait to have children the more their lifetime wages increase – even if they return to work after.
• And for highly skilled women being a mother can mean a loss of $230,000 in lifetime earnings.
• Father’s, on the other hand, see no financial penalty from parenthood.

Read more about the financial decisions that mothers have to make, details about the studies referenced, and more over here.

Source: The Christian Science Monitor