The joy of parenthood: Worth the price?

According to a new study, parental happiness is just a myth used to justify the high cost of having kids

If kids came with a piggy bank maybe it would alleviate their expensive price tag, which can reach up to $200,000 by the time they turn 18.
(Image credit: Corbis)

Maybe kids aren't such bundles of joy after all. A new study from the University of Waterloo has found that parents exaggerate the joys of raising children to justify their economic cost. With the average kid costing nearly $200,000 by the age of 18, and most children no longer earning their keep by helping out on the family farm, the economic value of having kids has diminished. "In that sense, the myth of parental joy is a modern psychological phenomenon" used to justify the high cost. Can that really be true?

Yeah, "kids are a drag": The idea that kids don't make us happier is one of the "most strongly-resisted findings of happiness research," says Will Wilkinson at Forbes, but it makes total sense. "A species easily persuaded of the misery of parenting" would balk at reproducing and "strike a self-inflicted blow against biodiversity." So, from an evolutionary standpoint, we should be hardwired to think that having children makes life more meaningful, even if, in reality, "kids are a drag."

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