The right question is "to what age".
Get all McKinsey and calculate a TCO of a baby from conception to end-of-uni. $1.2M is low-end even for eastern EU, it's more like twice that.
0-to-23. $100K/year. This what a baby costs.
If I had $300k going through my bank account every year I really think I would have noticed by now.
Yeah, but you didn't consider the resale value.
Or the potential for end of life care.
And apparently grandkids are neat, but it's hard to have those without having kids. Not sure how to value that one.