One of the most striking failures of right-of-centre policymaking in America is its infinite solicitousness toward corporations but indifference to families.
According to Federal Reserve data, the median net worth of a family with a head of household under 35 was $11,000 (£9,000) in 2016. According to the USDA, the average yearly cost of having a child is more than $12,000 (£10,000).
When you combine the costs of childcare for young children with the fact that younger families have not yet reached their peak earnings potential, raising children is a daunting financial task for a large number of American families. These numbers go a long way toward explaining why young people are delaying marriage and having children.
