In 2017, the U.S. Department of Agriculture estimated the cost to be $233,610 to raise a child born in 2015, from infancy to adulthood. That amount has increased by 33% in the last five years as inflation hits 40-year highs.
There's a reason so many retirees tend to struggle financially -- they don't set themselves up with enough income streams for their senior years. Many seniors end up turning to Social Security to provide the bulk of their income (or, in some cases, all of their income). A cash-strapped lifestyle is something I desperately want to avoid in retirement.
It’s a volatile time in the markets and the cost of living is weighing heavily on Aussie households. So you may be surprised to know where these Aussies are investing their hard earned money.