• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

The impact on parents

Andra said that much of the research she uncovered only focused on the impact of larger families on parents — not the kids. The average cost of raising a child to the age of 18 is $237,482, according to LendingTree. But this cost is even higher in some states and doesn’t include the additional expenses of post-secondary education that usually comes after kids turn 18.

That’s only the tip of the iceberg.

Having three or more children had a negative impact on parents’ cognitive abilities, according to a study by researchers at Columbia University Mailman School of Public Health, Robert Butler Columbia Aging Center and Université Paris-Dauphine–PSL.

“The negative effect of having three or more children on cognitive functioning is not negligible, it is equivalent to 6.2 years of aging,” said Eric Bonsang, PhD, one of the researchers.

Meanwhile, a Pew Research Center study found that 41 percent of American adults with children said parenting was “tiring” while 29 percent considered it “stressful” all or most of the time. Tired and stressed parents might find it more difficult to deal with more kids, which potentially impacts outcomes for the kids, too.

Invest in real estate without the headache of being a landlord

Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in minutes.

Learn More

The impact on kids

Andra admitted there’s a significant lack of research on how large family sizes impact children’s mental and emotional well-being. However, from personal experience of growing up with two siblings, she believes parents with more kids have lower expectations and outsource some parenting tasks to older siblings.

Meanwhile, research published by the American Psychological Association found that a child with more than one sibling was more likely to be bullied... usually by the older ones.

Bullying between siblings is “often seen as a normal part of growing up by parents and health professionals, but there is increasing evidence that it can have long-term consequences, like increased loneliness, delinquency and mental health problems,” said Dieter Wolke, PhD, of the University of Warwick, one of the lead researchers on the study.

What’s an ideal number of kids?

Having children is a personal choice and depends on your life goals and financial situation.

However, a recent Gallup poll uncovered interesting trends about America’s consensus on family sizes.

Ninety percent of Americans either have (or wish to have) children, with 2.7 children as the average family size. However, 45 percent of Americans considered three or more children to be ideal — the highest ratio since 1971.

Despite this stated preference, the U.S. fertility rate was just 1.66 in May 2023, according to the Federal Reserve Bank of St. Louis.

The richest 1% use an advisor. Do you?

Wealthy people know that having money is not the same as being good with money. Advisor.com can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.

Try it now
Vishesh Raisinghani Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.