Why it costs so much to raise a kid
The typical middle-income family will spend $235,000 raising a child to age 17. Here are some of the ways that cost adds up.
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It takes a village to raise a child until the bills are due then you are on your own.
Also, the woman in Wyoming needs to break down what her $8,400 a year for day care pays for. If the child goes full-time (2080 hours a year), that's barely over $4 per hour. Multiplied by, perhaps, 15 children in the class, that's only $60 an hour for the school to pay for its building, staff salaries, utility expenses, snacks and supplies. No one in day care gets into it for the money. We pay $12,000 a year for day care here in the mid-Atlantic and its worth every penny. If we didn't want to pay it, we wouldn't have had kids.
Maybe people need to investigate and consider these expenses before they get pregnant.
it's called greed and you are dumb enough to pay what ever the price.
This question can be answered with three quick words:
TOO MUCH GOVERNMENT
What exactly is the point of articles such as this?
Are we supposed to stop procreating because of how much it costs?
The majority of the expenses listed in this article are pure lifestyle choice. Other than the diapers, the food on the table, day care and the medical care, the rest of the expenses are optional or could be slashed drastically. Sports, Spanish lessons (for a toddler no less!), private schools, etc are all based on what we want for our children rather than what our children need.
I would love to see an article showing the true cost of raising a child without all of the bells and whistles.
Don't get me wrong, my husband and I have spent money on our children (Catholic schools, youth symphony, piano lessons, club sports) but we could have stopped any one or all of these expenses if we couldn't afford it. But we also eat dinner at home most evenings and shop at goodwill to help afford some of this. The article makes it sound like every family spends these outrageous amounts in every category. The reality is, we all make choices and if we have to say no to a club sport to pay the orthodontist bill, that's what will happen.
But throwing out a number like $235,000 is irresponsible journalism. Either you feel like you aren't doing right by your children or you try to keep up with the Jones' even when you can't afford it.
$17.5k a year? Where are they getting these numbers from?
If you want to fix the system, fix daycare.
To quote SNL: "JUST FIX IT!"
why is everyone complaining about daycare costs? Do the math people!!! Do you want a $10/hr disgruntled, unqualified person watching your babies?
If you said no, then you must compensate for paying a daycare PROFESSIONAL around $45K-$50K. The maximum ratio of babies to adults is 4:1, so 4 parents must account for approximately $961 every week and that doesn't count overhead and operating costs of the daycare facility. So you are left with each parent paying about $200/week (minimum). That's $800/month per child! Yep, that's probably about what you're paying in mortgage every month.
What's the alternative? Stay at home? Ok, you'll save the $800/month but now what's your genius idea of bringing income and health insurance for your children/family? Leave it up to daddy? Ok, dads, better be making at LEAST $60K per year before you even THINK about having children then :)
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