Find out why the US is the second-worst place in the world to raise a family.
—created the Raising a Family Index to rank 35 countries that are part of the Organization for Economic Co-operation and Development . “We only used OECD countries because they have reliable data in a wide range of key topics useful for this study,” notes Fergusson.
But the United States didn’t fare much better, coming in at the bottom of the list at number 34, barely above Mexico. Fergusson says that she was surprised by the results and couldn’t believe what she saw when she reviewed the data. “I went one-by-one into each of the six categories,” she says. “What I discovered, in many instances, was quite shocking.”
Cost was another contributing factor. “The US gets an F in our cost section,” says Fergusson. In the overall cost index, the US placed last, performing twice as poorly as New Zealand, which finished just ahead of the US. “Parents with average household income have to spend 31.79% of their income on childcare costs alone,” says Fergusson. “Compare that to Scandinavian countries, where households only have to spend 4% to 10% of household income to raise a well-rounded child.
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