Children are expensive to raise. $381k over 17yrs

[LeiZaK]

A Modest Proposal

 

[radioouman]

Originally posted by: Roguestar
Bet you aren't thinking of that when you're banging the little blond cutie and thinking "I hope she's on the pill" 😉.

That's exactly what I'm thinking......

 

[MrPickins]

Originally posted by: FeuerFrei
Actually you could do it for well under $100k. Perhaps $150k if they go to a private school. Assuming no costly medical procedures.

Nobody spends $1,876.64/mo on a kid.

QFT

I have 5 siblings. No way did my parents shell out close to $2 million, or even $950k (going by the 190k figure).

$100k - 150k sounds much more reasonable.

 

[Toasthead]

Originally posted by: LolaWiz
I can believe it costs this much, HOWEVER.... what about the positive things between the parent and child relationship.
I thank God everyday that my parents did not purely care about how much i was costing them every day of their life and mine.
This article and some posts on here make me rather annoyed that the monitary issue is the only thing that matters. I KNOW kids are expensive and i don't even have one yet, BUT i would never not want to have kids just because i know they are expensive and not worth that money.

The relationship I have with my parents is what i hope to have with my child (someday perhaps) and no amount of money would make me want to change that.

Well said. While it may cost money to raise a child, you will gain much more in life with children than you can put a monetary amount on. Coming home from work to my almost 2 year old screaming 'DADDY HOME!" is worth it for me. Getting to watch them grow and become their own individuals and to share in their triumphs and trails...I cant wait.

 

[Flyback]

That is rather cheap compared to what you get in exchange (given that you raise the children properly and don't have delinquents).

I don't plan on having kids, but I definitely see the reward they bring. $381k is nothing in that sense.

 

[Mxylplyx]

Originally posted by: tfinch2

The tab for a child born in 2006 is expected to run $381,000 over 17 years for the highest-income U.S. households

You left the most important part of that statistic out. :roll:

Yeah, I know kids are expensive, but I thought that figure was a bit high

 

[clamum]

Originally posted by: FeuerFrei
Actually you could do it for well under $100k. Perhaps $150k if they go to a private school. Assuming no costly medical procedures.

Nobody spends $1,876.64/mo on a kid.

Yeah after I divided it out, it did seem high. It does say that figure is for the highest income U.S. households. So yeah, a BMW is probably figured in there somewhere. 😉

 

[JEDI]

Originally posted by: LolaWiz
I can believe it costs this much, HOWEVER.... what about the positive things between the parent and child relationship.
I thank God everyday that my parents did not purely care about how much i was costing them every day of their life and mine.
This article and some posts on here make me rather annoyed that the monitary issue is the only thing that matters. I KNOW kids are expensive and i don't even have one yet, BUT i would never not want to have kids just because i know they are expensive and not worth that money.

The relationship I have with my parents is what i hope to have with my child (someday perhaps) and no amount of money would make me want to change that.

there was a study saying that on a day to day basis, parents want to deal with their kids like they want to do laundry/housework. overall picture is great, but day to day isnt so rosy

 

[Leros]

How much are they feeding these kids? A $10 bag of dog food should last them for a week.

 

[b0mbrman]

Originally posted by: JEDI
Morningstar

Wish you could make them pay it back...

You can't put a price on that!

 

[b0mbrman]

Originally posted by: Flyback
That is rather cheap compared to what you get in exchange (given that you raise the children properly and don't have delinquents).

I don't plan on having kids, but I definitely see the reward they bring. $381k is nothing in that sense.

To me, $1 million would be nothing.

But then again, I like kids more than most people

 

[Yreka]

Originally posted by: BlueWeasel
Nice timing. Our baby boy will likely be born this week. 🙂

Don't worry, they are worth every penny.

 

[swaytech]

Just give kids what they need and make them earn what they want. This should take down the cost a little, and teach some morals. 🙂

 

[DrPizza]

Originally posted by: tfinch2

The tab for a child born in 2006 is expected to run $381,000 over 17 years for the highest-income U.S. households

You left the most important part of that statistic out. :roll:

I'm thinking it's more like:
"The cost for raising a child for 17 years averages around $100,000. The cost to spoil a child runs quite a bit higher."

 

[thegimp03]

Originally posted by: Roguestar
Bet you aren't thinking of that when you're banging the little blond cutie and thinking "I hope she's on the pill" 😉.

ROFL. Too true.

 

[PingSpike]

Originally posted by: tfinch2

The tab for a child born in 2006 is expected to run $381,000 over 17 years for the highest-income U.S. households

You left the most important part of that statistic out. :roll:

I was going to say...that averages to over 22,000 a year. I'm sorry, but I don't think it costs that much.

 

[PingSpike]

Originally posted by: clamum

Originally posted by: FeuerFrei
Actually you could do it for well under $100k. Perhaps $150k if they go to a private school. Assuming no costly medical procedures.

Nobody spends $1,876.64/mo on a kid.

Yeah after I divided it out, it did seem high. It does say that figure is for the highest income U.S. households. So yeah, a BMW is probably figured in there somewhere. 😉

Private school...live in nanny...bribing the cops when your son gets a dui, etc.

 

[EKKC]

learn how to market your kids

just ask hillary duff's mom
or mary kate and ashley olsens' parents
or jessica/ashlee simpsons daddy

 

[KarmaPolice]

I think that sounds a bit low

 

[Golgatha]

Originally posted by: tfinch2

The tab for a child born in 2006 is expected to run $381,000 over 17 years for the highest-income U.S. households

You left the most important part of that statistic out. :roll:

Yeah, I thought something was fishy when my two kids nearly ate up my annual income and I somehow manage to raise them, save for retirement, and even afford a few niceties every now and then.

 

[jinduy]

Originally posted by: JEDI
Morningstar

Wish you could make them pay it back...

this is already a common practice in asian families

 

[xanis]

Just ANOTHER reason that makes me not in any rush to have kids.

 

[hanoverphist]

and worth twice that much. i have 3 anklebiters of my own, i wouldnt trade them for anything.

 

[TreyRandom]

I know I don't spend that much on my two kids.

That said, they're worth every penny of what I spend to raise them.

 

[B00ne]

Originally posted by: tfinch2

The tab for a child born in 2006 is expected to run $381,000 over 17 years for the highest-income U.S. households

You left the most important part of that statistic out. :roll:

No sh1t, I was about to wonder how all those poor ppl manage with several children who hardly if at all make that even in 17 years