$ Costs To Raise A Kid for 17 years $ ? (WoW) <
#1
06-15-2012, 05:50 AM
$ Costs To Raise A Kid for 17 years $ ? (WoW) <
Hi Member's,
Since we are on the eve of Father's Day, I was curious what it would cost to raise a child today
WoW, I'm think'in `bout going to the Vet's & getting fixed 
LOL
Do you think the below cost is more or less from your experience ? Please post & share your thoughts...
Since we are on the eve of Father's Day, I was curious what it would cost to raise a child today
WoW, I'm think'in `bout going to the Vet's & getting fixed LOL
WoW, I sure owe my grandfather a lot for taking me in & raising me...I better go out & get him a better Father's day gift + 4-Sure!
Do you think the below cost is more or less from your experience ? Please post & share your thoughts...
Have $235,000 + ? That's What It Costs To Raise A Kid for 17 years Today-Before College (WoW)
<!-- End: Article Head --><!--Start: Left Rail -->Take your pick. Would you rather buy a 2012 Ferrari or would you rather–have a baby? The choice is yours but the cost for each is about the same.
^ Will trade him 4 a new ZR`1 (LOL)
This little guy will set you back $234,900 before he even heads to college. Good luck.
A report out today from USDA reveals that a middle-income family with a child born in 2011 can expect to spend about $234,900 ($295,560 if projected inflation costs are factored in).
That’s a 3.5% increase from 2010 and a 23% hike from 1960 (that’s when the USDA first issued this report) when the cost of raising a child was equivalent to $191,723.
The $234,900 represents costs for food, shelter and other necessities to raise a child for 17 years. The annual cost of raising a child today in a middle class family:$12,290 to $14,320, depending on the age of the child, according to the report.
Why the 3.5% jump from 2010? The report says the cost of transportation, child care, education, and food saw the largest percentage increases related to child rearing from 2010. Health care, clothing and housing costs also increased but to a lesser extent.
Of course, the cost jumps for higher income families; those earning more than $102,870 can expect to spend $389,670. A family earning less than $59,410 per year can expect to spend a total of $169,080 (in 2011 dollars) on a child from birth through high school.
Note that the $234, 900 figure does not include college costs since it covers the cost of raising a child for 17 years. With college costs soaring here’s hoping your little ones are smart enough to get a free ride–or least a call from Peter Thiel.
source: USDA
Today-Before College (WoW) <!-- End: Article Head --><!--Start: Left Rail -->Take your pick. Would you rather buy a 2012 Ferrari or would you rather–have a baby? The choice is yours but the cost for each is about the same.
^ Will trade him 4 a new ZR`1 (LOL)
This little guy will set you back $234,900 before he even heads to college. Good luck.
A report out today from USDA reveals that a middle-income family with a child born in 2011 can expect to spend about $234,900 ($295,560 if projected inflation costs are factored in).
That’s a 3.5% increase from 2010 and a 23% hike from 1960 (that’s when the USDA first issued this report) when the cost of raising a child was equivalent to $191,723.
The $234,900 represents costs for food, shelter and other necessities to raise a child for 17 years. The annual cost of raising a child today in a middle class family:$12,290 to $14,320, depending on the age of the child, according to the report.
Why the 3.5% jump from 2010? The report says the cost of transportation, child care, education, and food saw the largest percentage increases related to child rearing from 2010. Health care, clothing and housing costs also increased but to a lesser extent.
Of course, the cost jumps for higher income families; those earning more than $102,870 can expect to spend $389,670. A family earning less than $59,410 per year can expect to spend a total of $169,080 (in 2011 dollars) on a child from birth through high school.
Note that the $234, 900 figure does not include college costs since it covers the cost of raising a child for 17 years. With college costs soaring here’s hoping your little ones are smart enough to get a free ride–or least a call from Peter Thiel.
source: USDA
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- Have $235000? That's What It Costs To Raise A Kid Today-Before College
<CITE>Forbes</CITE> - by Halah Touryalai - 14 hours ago
A report out today from USDA reveals that a middle-income family with a child born in 2011 can expect to spend about $234900 ($295560 if ...
Last edited by Space; 06-15-2012 at 11:22 AM.
#3
06-15-2012, 07:39 AM
^ Hi `Justin, Wow your son is getting Big & growing like a weed...Thanks for being the first to post on this thread & for sharing your picture...
I did not know it cost that much to raise a child 4-Sure...
I always thought I wanted as many as I could afford, but Wow, I really need to hit the Lotto
Wish you a Super Father's Day 4-Sure
I did not know it cost that much to raise a child 4-Sure...
I always thought I wanted as many as I could afford, but Wow, I really need to hit the Lotto
Wish you a Super Father's Day 4-Sure
#4
06-15-2012, 08:14 AM
Space I know you work hard saving for a house and helping pay for your loves schooling, but a child is not like dropping 235k all at one time on a house, it comes as monthly bills and basicially adding a few more things onto your shopping list, they govement also kicks back more to you when it's tax time,
He'll be 3 next weds the 20th! And it's hard to belive!!!
He'll be 3 next weds the 20th! And it's hard to belive!!!
#8
06-15-2012, 08:48 AM
Join Date: Sep 2008
Location: Southeast PA
Posts: 25,137
This is why I send money home to my parents' every Month, and whatever they want for birthdays/anniversaries/holidays, I try my hardest to make happen.
I know all the sacrifices they made to raise me and my sister. We do our best to pay it back now.
I know all the sacrifices they made to raise me and my sister. We do our best to pay it back now.
#9
06-15-2012, 08:58 AM
Hi `Mike(JG), it sure makes a person think 4-Sure...Now I understand more why my taxes are so high & I've read how much our taxes or government is paying to raise so many of the children in our country (WoW) What is the population of China ? WoW...aren't they limited to only being able to have just one child ?
Hi Mod `Mike, your words reflects your good character & appreciation, but I think you are the exception to the rule...
Our parents, (guardians) raise us & take care of us and then when they get older, we do our best to take care of them...
The circle of life ?
#10
06-15-2012, 11:10 AM
Breaking News: Bob Barker comes out of retirement for a special annoncement
Member's, help control the human population, have your kids spayed or neutered. Save the World, and use the $'s you saved to buy fast cars(j/k)
Take kids `off the roads, and help out the auto industry....There's to many crazy kids driving out there & scaring all the old people. (LOL)
for a special annoncementMember's, help control the human population, have your kids spayed or neutered. Save the World, and use the $'s you saved to buy fast cars
(j/k)Take kids `off the roads, and help out the auto industry....There's to many crazy kids driving out there & scaring all the old people. (LOL)
Last edited by Space; 06-15-2012 at 11:13 AM.