Young couples face a double cost when planning for fertility treatment

A new report says money is keeping many young adults from starting families.

Northwestern Mutual surveyed Gen Z and Millennials. About 10% of those groups say they are delaying children because they worry about the cost. The survey found that many people are unsure how starting a family would affect their long-term finances.

Kate Michaels, a managing partner at Northwestern Mutual, said financial pressure is pushing family plans back. She noted that this financial delay happens while biological fertility windows narrow.

If a couple struggles to conceive, they often look at in vitro fertilization. Michaels described the process as both emotionally and financially overwhelming.

The cost is not just for the main procedure. Michaels explained that couples must also pay for monitoring appointments and medical exams. These steps happen before the major expense of the treatment cycle itself. She advised that partners should consider the possibility of needing fertility treatment when they start dating.

Experts suggest talking to a financial advisor early. You do not need to know if you will need treatment to start this conversation. An early chat can help you prepare for a range of potential costs.

Michaels said working with an advisor provides peace of mind. The fertility process is physically and emotionally taxing. She added that couples do not want to add financial anxiety to that stress. She recommends checking insurance coverage as soon as possible. This helps show what is not covered, such as travel or extra procedures. Once you know the gaps, you can start setting money aside for those specific out-of-pocket costs.