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Middle-income family spends $221,000 to raise baby
AP
http://news.yahoo.com/s/ap/20090804/ap_on_re_us/us_fea_parenting_cost
By BETSY TAYLOR, Associated Press Writer Betsy Taylor, Associated Press Writer - Tue Aug 4, 4:50 pm ET

ST. LOUIS - It's no secret that raising children can be expensive, but how about nearly a quarter of a million dollars expensive?

A government report released Tuesday says a middle-income family with a child born last year will spend about $221,000 raising that child through age 17.

The report by the USDA's Center for Nutrition Policy and Promotion identified housing as the largest single expense, followed by food and child care/education costs. The $221,000 in expenses rises to about $292,000 when adjusted for inflation.

USDA economist Mark Lino, who co-authored the report with Andrea Carlson, often hears people say children cost a lot when the annual findings are issued.

"I tell them children also have many benefits, so you have to keep that in mind," he said.

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.

Most single-parent households in the U.S. make less than $57,000 and are expected to spend about 7 percent less on child-rearing costs compared to two-parent households in that same income group, according to the report.

Costs of raising a child are highest in the urban northeast and lowest in the urban south and rural areas.

The USDA report helps courts and states determine child-support guidelines and foster care payments. It does not address costs specifically related to childbearing and paying for college.

One of the largest changes over time has been the increase in costs related to care for young children.

The report was first issued in 1960, when such costs were largely negligible, but with more working families turning to outside help with child care, it has grown to be a significant expense for many families. The report does not give total costs related to early child care.

A mother of three, Raben Andrews of St. Louis, said the government figures sounded right to her. "Well, that's not half of it," joked the 42-year-old public school teacher. "I still have to put the little buggers through college."

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Come on now really? I only have myself and a dog to support and I'm doing it on $19,500 a year! How on Earth could it cost $13,000 a year to raise a kid! Looks like I"ll never be having kids.
 

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If it cost that much...I better pay back my Mom and Dad. :embarrassed2:
 

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Discussion Starter · #4 ·
That's not too bad over the course of 17 years though. $13,000/year.
Are you kidding me? that's over $1,000 dollars a month.
 

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two words....
cloth diapers


i can't help but think that about 25 grand of that comes from paying for their first car, and subsequent first car accident. and my kids aint gettin a dime from me when they want a car. if they want one, they can save up an buy it themselves. thats what i did.
 

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That's not too bad over the course of 17 years though. $13,000/year.
Are you kidding me? that's over $1,000 dollars a month.
I'm sure a lot of that is including food and whatnot that you would buy anyway. I'd like to see the calcs they used to come to their conclusion. I don't think the numbers would look so outlandish then. That's my thinking anyway.
 

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Discussion Starter · #7 ·
That's not too bad over the course of 17 years though. $13,000/year.
Are you kidding me? that's over $1,000 dollars a month.
I'm sure a lot of that is including food and whatnot that you would buy anyway. I'd like to see the calcs they used to come to their conclusion. I don't think the numbers would look so outlandish then. That's my thinking anyway.
I hope so, that kinda freaked me out lol
 

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They neglect to mention that fact that if you are an illegal alien or low income, that number goes down to 0 because the rest of us pay for it. It kind of upsets me and my wife sometimes that we can only afford 1 child, but some shithead can pop out 8 kids and live off the public dime.
 

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No kids.....in my experience from what I've seen with others, kids are just leverage for the inevitable divorce down the road. No thanks.
+1 and Im not getting married either.
Remember Dustin, man is not complete until he is married....

Then he is finished :devilsidesmile:
 
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