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“Average Cost to Raise a Kid: $241,080″ ???

Posted By admin On August 16, 2013 @ 4:12 am In Money Watch | Comments Disabled

Cryptogon [1]
August 16, 2013

Our annual household income is roughly what this report indicates the cost would be to raise one child for a year in the U.S. And we have two children.

Living mortgage free is like living on a different planet compared to those who have a bank’s boot on their necks.

Via: CNN [2]:

From day care to the monthly grocery bill, the cost of raising a child is climbing at a rate that many families can’t keep up with.

It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t even include the cost of college.

At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions.

The USDA’s latest estimates include expenses for housing, food, transportation, clothing, health care, education and child care, as well as miscellaneous expenses, such as toys and computers.


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URLs in this post:

[1] Cryptogon: http://www.cryptogon.com/

[2] CNN: http://money.cnn.com/2013/08/14/pf/cost-children/index.html

[3] Gasoline cost to jump $700 for average household: http://www.prisonplanet.com/gasoline-cost-to-jump-700-for-average-household.html

[4] Obamacare to soon cost the average American family $20,000 a year, announces IRS: http://www.prisonplanet.com/obamacare-to-soon-cost-the-average-american-family-20000-a-year-announces-irs.html

[5] The Cost Of Obama’s Stimulus Plan: $312,500 Per Job (Vote) Created Or Saved (And Guess Who Is Paying It): http://www.prisonplanet.com/the-cost-of-obamas-stimulus-plan-312500-per-job-vote-created-or-saved-and-guess-who-is-paying-it.html

[6] U.S. Tourism’s ‘Lost Decade’ Cost Some 500,000 Jobs: http://www.prisonplanet.com/u-s-tourisms-lost-decade-cost-some-500000-jobs.html

[7] Average US Family Lost $21K in 6 Months Due To Property Values, Stock Market: http://www.prisonplanet.com/average-us-family-lost-21k-in-6-months-due-to-property-values-stock-market.html

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