It takes a minimum of $200K USD to raise a child from birth to 18; which works out to ~$1K/mo.
If the Government were serious in wanting to address the aging population issue, the best way to tackle it would be to provide family funding at this level for a family’s first ~3 children.
Would it be expensive? Absolutely it would be in the initial term - but the increase in economic activity would arguably more than cover it in the long run.
Would it lead to inflation? Not if the costs were derived from taxes due to the government (which currently get dodged), rather than through national debt.
Would it lead to a positive outcome for the nation? Arguably yes, but there may also be unintended consequences to the negative. Human greed knows no bounds, after all.
Based on data presented here: https://ifstudies.org/blog/the-true-cost-of-raising-a-child
It takes a minimum of $200K USD to raise a child from birth to 18; which works out to ~$1K/mo.
If the Government were serious in wanting to address the aging population issue, the best way to tackle it would be to provide family funding at this level for a family’s first ~3 children.
Would it be expensive? Absolutely it would be in the initial term - but the increase in economic activity would arguably more than cover it in the long run.
Would it lead to inflation? Not if the costs were derived from taxes due to the government (which currently get dodged), rather than through national debt.
Would it lead to a positive outcome for the nation? Arguably yes, but there may also be unintended consequences to the negative. Human greed knows no bounds, after all.