Deciding to have a child is no small decision — and today, being financially prepared is as crucial as being emotionally ready. Despite the complaints from previous generations about the difficulties they faced, raising a child today can be an even more expensive endeavor for millennials than it was for their parents and grandparents. The costs have increased significantly since the 1980s and 1990s, and you might be surprised by which generation faced the steepest expenses.

If your child was born in 2015, you can expect to spend an astonishing $233,610 on their upbringing over the first 17 years, according to the United States Department of Agriculture. This figure is based on expenses incurred annually by middle-class, married-couple families and ranges from $174,690 for lower-income families to $372,210 for higher-income families. Notably, these estimates exclude costs related to pregnancy and college, which can add tens of thousands more.

In contrast, a child born in 1982 would have cost a middle-income family about $198,765 (or $80,926 when adjusted for inflation), as reported by a 1983 New York Times article. While not a massive difference, raising a child today is still nearly $35,000 more expensive than it was in the 1980s.

Interestingly, middle-income parents in the 1990s faced the highest costs. For children born in 1990, parents could expect to spend around $365,566 (or $210,070 adjusted for inflation) by the time their child turned 17. As a millennial, I offer my deepest apologies to my parents for the financial burden.

Parents today might not feel the pinch as much compared to the 1990s, partly due to innovation reducing the costs of certain products. According to the Brookings Institution, the average price for durable goods has decreased by 0.1 percent per year since 1990, and it’s now easier for Americans to save up for a car with fewer hours of work.

However, despite the falling costs of goods, some expenses have risen faster than incomes. Child care, tuition, and hospital services have all seen significant price increases, as noted by the Brookings Institution. These rising costs are not included in the USDA’s estimates for child-rearing expenses.

Regardless of the generational cost differences, the biggest expenses for families have remained consistent: housing, food, child care, and education continue to strain parents’ finances. Concerns about these costs have also stayed high over the years. In 1991, one mom, Mary Donberg, told The Los Angeles Times:

“It’s kind of scary. It’s as if someone has sold you a $200,000 item with weekly payments for the next 17 years.”

This sentiment likely resonates with parents today. Raising a child is a pricey endeavor no matter the decade, and it’s unlikely we’ll see significant reductions in these costs until there are systemic changes like free health care, education, and child care. Until then, families will continue to weigh the pros and cons of major financial decisions, like choosing between buying a Tesla roadster and having a child.