It costs a quarter million to raise a child!
Ok, this is doing nothing for my ovaries. A government report released says that it costs middle-income parents $221,000 to raise a child to age 17. Why am I not surprised? I can't believe how much child care costs. I have several friends with two kiddies and I feel like they work to pay daycare. Braces, entertainment, food, healthcare. Le sigh. I don't see how these modern parents do it. Hats off to them!
3 Responses to It costs a quarter million to raise a child!
-
I remember thinking when my daughter was in daycare that if I could just hold out until she was 4 or 5, she could go to public school and I could save some money. NOT! After 10 years of private school, braces, a broken ankle with an extended hospital stay and months of physical therapy, I’m looking forward to her last two years of high school. I’m crossing my fingers and hoping she does well enough to get scholarships, financial aid, etc. for college. I feel like I’ve been paying tuition forever and I’m looking forward to a break when she graduates high school. Realistically, I’ll end up paying for college too. I think $ 221,000 is a low estimate.
-
I disagee, it doesn’t cost that much to raise a child. We pay for our child needs and an occasional recreation. Children costs depends on the parents some go overboard. A birthday party every year, private school, college costs. Most of these is not necessary is just what the parents want.
-
I don’t buy it. $221K is $13K/yr. The median household income in this country is $40K/yr. If the average has 2.5 kids, that’s $32.5K/yr just for the kids.
There are definitely some who work to pay for daycare but that is their choice.
The Book
Buy the Book
Categories
Recent Posts
Lisa Bobbitt