WhitneyRaising a Child is Expensive
August 17th 2009 18:33
It's always been expensive to raise a child, but have you ever sat down and really looked at what all you've spent or will have to spend? Well, studies show that the average middle-income family spends about $221,000 to raise a child through age 17, which means that doesn't count college expenses.
Families that earn more, spend more...
The same studies show that single parents making less than $57,000 and spend about 7% less when compared to two parent households.
Although, children come with their benefits, they're plain expensive to raise, which is why so many cases, couples carefully plan when they are going to have their first child, and most of their children thereafter. Those couples who didn't plan their first, will generally plan the rest.
You'll also find that raising a child is the highest in urban northeast location and lowest in urban south and rural locations, so keep in mind where you live as to what you'll probably end up spending when raising even just one child.
Over time, as more studies have been performed, it's been found that it costs more now to raise a young child than it ever has.
Families that earn more, spend more...
Families with more income spend more money on child-related costs, the report said. A two-parent family that earns less than $57,000 annually will spend about $160,000 on a child from birth through high school. Those with an income between $57,000 and $99,000 spend about $221,000 and those with higher incomes are expected to spend roughly $367,000 through age 17.
Although, children come with their benefits, they're plain expensive to raise, which is why so many cases, couples carefully plan when they are going to have their first child, and most of their children thereafter. Those couples who didn't plan their first, will generally plan the rest.
You'll also find that raising a child is the highest in urban northeast location and lowest in urban south and rural locations, so keep in mind where you live as to what you'll probably end up spending when raising even just one child.
Over time, as more studies have been performed, it's been found that it costs more now to raise a young child than it ever has.
| 61 |
| Vote |
subscribe to this blog
