Becoming a parent can be a transformative event that brings new responsibilities and opportunities. But if you’re a teen or young adult parent, you may face unique financial hurdles because of your youth — specifically, the cost of raising a child without the commensurate wealth or work experience typical of older adults.
Fortunately, many financial resources and support systems — from government assistance and educational aid to employment and income support — are available to young parents to help them build a secure future for their families. By tapping into these opportunities, young parents can access the financial support they need to thrive and provide the best possible start for their children.