New York Families Could Soon Be Getting Paid—Here’s Why

Raising a kid in New York costs about $30,000 a year, but some help could be coming your way.

The federal government is considering a plan to pay New Yorkers $5,000 for each new child they have.

New York State is one of the most expensive states to raise a child.

"Baby Bonus" May Come To New Yorkers

The White House confirmed it supports ideas to try and convince people to get married and have children.

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One proposal that's picking up steam is the so-called "baby bonus." If passed, every American mother would receive $5,000 after giving birth.

This is baby bonus is due to a decline in births across the nation in recent years.

President Trump Supports Baby Bonus

President Donald Trump supports the idea of providing moms bonuses after having a child.

"Sounds like a good idea to me," President Trump said.

White House press secretary Karoline Leavitt provided more context, saying Trump is trying to "uplift American families."

"The president wants America to be a country where all children can safely grow up and achieve the American dream," he said.

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How Much Does It Cost To Raise A Kid In New York

According to LendingTree, it now costs around $30,000 a year to raise a child. That's up nearly 40 percent since its previous study.

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New York State is now the 8th most expensive state to raise a child. LendingTree reports it costs $29,327 a year in the Empire State to raise a child.

Banned Baby Names in New York And the United States

Top Names For Girls & Boys In New York State

These baby names are losing popularity in the 21st Century.