Matthew
Moderator
Reputation: 8320
(Likers: 0 / Critics: 0)
Posts: 12,936
|
http://money.cnn.com/2012/06/14/news/economy/cost-raising-child/index.htm?iid=HP_LN
NEW YORK (CNNMoney) -- Raising a child just got $8,000 more expensive.
Middle-income families with a child born in 2011 can expect to spend $235,000 over 17 years, according to a new report by the United States Department of Agriculture. That cost factors in food, shelter and other necessities to raise a child, and does not account for inflation.
It also marks a whopping $8,000 increase, or 3.5% rise, in just one year.
So why do babies born in 2011 cost so much more?
In that one year alone, expenses for transportation, child care, education and food surged for middle-income families. Health care, clothing and housing costs also increased, but at a more gradual pace.
In the study, the government defined middle-income families as those with $59,000 to $103,000 in annual income before taxes.
Lower income families can expect to spend less -- to the tune of about $169,000 over 17 years and higher income families can expect to spend more -- roughly $390,000.
The USDA has been estimating the cost of raising a child since 1960. The first year the report was issued, the agency estimated it cost an average of $25,000 (or roughly $192,000 adjusted for inflation) to raise a child to age 17.
|
.........................
Amazon.com sells just about everything, and they have excellent prices.
Start your Amazon.com session by clicking this link, and my family and I get a commission on your purchase! It costs you nothing extra.
Buy from Amazon.com and support CathInfo
Thank you,
Matthew
|
| Posted Jun 14, 2012, 11:19 pm |
|
Ignored by: 0
|
|
|
Matthew
Moderator
Reputation: 8320
(Likers: 0 / Critics: 0)
Posts: 12,936
|
I got a nice argument started in the comments section.
Basically told them they're crazy if they think kids are that expensive -- they're only expensive if you want to be a modern wasteful American.
EDIT: It looks like they deleted my original comment. Can't have people waking up the sheeple to the foolishness of the modern world, now can we? I bet my other comments will be deleted eventually too. They ring true when you read them. I might just sway a few people -- they can't have that.
|
.........................
Amazon.com sells just about everything, and they have excellent prices.
Start your Amazon.com session by clicking this link, and my family and I get a commission on your purchase! It costs you nothing extra.
Buy from Amazon.com and support CathInfo
Thank you,
Matthew
|
| Posted Jun 14, 2012, 11:30 pm |
|
Ignored by: 0
|
|
|
