Having children is extraordinarily expensive  For majority of people children are the biggest expenditure they ever undertake. The United States Department of Agriculture reported in 2008 that the average annual expenses associated with raising a child can be as high as $22,960.* If we assume that a child will live with their parents until the age of 18 and add average cost of sending a child for 4 years to college, we arrive at the conclusion that bringing up a child in a developed country costs around $500,000. This money can be far better spent, for instance, on enhancing the standard of education or health care, subsidising economic initiative in developing countries, investing in green technologies, etc.  *Boy Scouts of America, 2011,