09/01/2026
Kids are priceless. Raising them? That comes with a price tag.
The cost of raising a child from birth to age 18 can top $300,000, with expenses often continuing beyond 18.
Volunteer Financial Instructor Michael Masserant joined FOX 2 Detroit to break down some of the biggest costs parents face, including housing, food, and childcare, and why planning for those expenses matters.
Watch the conversation and share it with a parent who could use the reminder.
Disclosure: Retirement Education Foundation is a Fiscally Sponsored Program of United Charitable, a registered 501(c)(3) public charity. This information is for educational purposes only and is not to be considered tax, legal or investment advice. Retirement Education Foundation does not offer financial services. Michael Masserant is a professional financial advisor in the private sector. He serves as a financial instructor for the Retirement Education Foundation on a volunteer basis.