Author: Arabian Media staff

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Between diapers, daycare, extracurricular activities, college tuition, and more, having children is often seen as a financial drain. However, a new working paper from the National Bureau of Economic Research (NBER) suggests a surprising twist: having kids could actually increase your lifetime wealth by more than 23%. The reason? Your desire to leave behind a legacy for your children can nudge you to earn and save more over your career. Beyond saving for retirement, which tends to be a top financial priority, having kids leads parents to make intentional financial decisions that prioritize long-term security for themselves and their children.…

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