The "Depressing" Cost of Raising a Kid
You see these stories every year: the crazy cost of raising kids these days. This year's total is "depressing," according to one blogger.
A few of the numbers:
$226,920
That's how much a family that makes between $57,600 and $99,730 can expect to spend on a kid from the time they were born in 2010 until they graduate high school.
31
Percentage of the child-raising cost that goes to housing (should this count? Aren't you paying for a home of some sort whether the kid is there or not?)
17
Percentage of the total cost of raising a child that goes to child care and education. That's compared to a mere two percent in 1960, by the way.
Does $226,920 seem too low to you? Too high?
Link via The Week
A few of the numbers:
$226,920
That's how much a family that makes between $57,600 and $99,730 can expect to spend on a kid from the time they were born in 2010 until they graduate high school.
31
Percentage of the child-raising cost that goes to housing (should this count? Aren't you paying for a home of some sort whether the kid is there or not?)
17
Percentage of the total cost of raising a child that goes to child care and education. That's compared to a mere two percent in 1960, by the way.
Does $226,920 seem too low to you? Too high?
Link via The Week
Newest 3 Comments
Does this mean you can "cash" them in at some point?
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Way low - and I'm in that income range.
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I think the median household income in the US is about 44K, which means half make less... and those kids grow up anyway. We just don't figure into those statistics.
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