Raising kids now costs more than housing, according to a new LISEP report. The rising child-related expenses highlight growing financial pressure on American families.

The average annual cost of raising a child in the U.S. is nearly $21,000, and many expenses are unexpected. Here's how to help budget for them.

Business Insider estimated the cost to care for one child in the US in 2024 will be at least $25,714.; That's a 41.5% increase since 2016 and costs will likely continue to go up this year.