For millions of women in the United States, being a mother comes with an extraordinary price tag.

From the earliest stages of pregnancy through childbirth and into years of childcare, expenses for healthcare, delivery and raising a child are significantly higher in the US than in most other wealthy countries. Even basic needs like medical care and childcare can place a major burden on families.

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At the same time, the US has one of the highest maternal mortality rates among high-income nations at 18.6 deaths per 100,000 live births, compared with fewer than three in countries such as Norway, Ireland, Switzerland and Italy.

Black women…