Posted on 08/20/2022 7:41:04 AM PDT by DIRTYSECRET
Raising a child born in 2015 through the age of 17 will set a family back $310,605. Add in another $218,004 for four years at a private college, or $102,828 at a state Raising a child born in 2015 through the age of 17 will set a family back $310,605. Add in another $218,004 for four years at a private college, or $102,828 at a state university.
“A lot of people are going to think twice before they have either a first child or a subsequent child because everything is costing more,” Isabel Sawhill, a senior fellow at Brookings, tells the Wall Street Journal. “You may also feel like you have to work more.”
(Excerpt) Read more at newsmax.com ...
There is mindset on quality of life that is measured only by money. Truth is, we are a selfish, unsatisfied nation who has forgotten that life is worth living even without the extras. We refuse to sacrifice and so we live a life that is joyless, filled with fear of the future and devoid of meaning. We have forgotten the simple pleasures. Thank God we have not had to endure real hardship like the those who lived through the Great Depression and then WW II. We’d understand why and how those folks became the Greatest Generation. It’s those men and women who understood how rich it is just being an American. They knew that where there is a will there’s a way.
Well said.
Exactly what I was thinking.
My wife and I had bought a 3 bedroom house even before we had children. We ended up having 2. But the point being, we bought that house and would have lived in that house, whether we ever had children or not. The children living with us did not increase the mortgage or property taxes or maintenance.
I have four kids and I honestly didn’t find it much of a financial burden at all. In fact, I would argue that having more had many cost savings.
I was able to reuse things like cribs, baby beds, and clothes by handing them down from oldest to youngest (and many of those original items were given to us at baby showers). Plus, having more kids gave us built-in babysitters, as the oldest ones got old enough to watch the younger ones. And now that the oldest are driving they can even help take the younger ones where they need to go.
With the exception of their private school tuition (which is a totally voluntary expense), I honestly have barely noticed them financially.
True enough. Some people trying to budget their money, are shocked at how much that daily Starbucks habit costs too.
People just don’t think through long term, how much those cigarettes and coffee and fast food cost you, monthly or yearly. Everyone should have a household budget and set up spreadsheets to track their spending, in my opinion.
You are exactly correct. It’s a smart investment. You are basically investing in your late-life caretakers.
Everything you do now to help them out will be paid back with interest in the love and care they will provide to you when you need it most later.
Don’t wait to give it to them when you die. Give them what they need to build a successful life while you are still here.
I had a neighbor with a very large family. Religious Jews. I was asked him about the expense. His response was something like:
If people added up the cost, no one would have more than one child. What I have is one FAMILY.
I appreciate that perspective.
But isn’t it our job to raise our children to take care of themselves while minors, then send them out into the world? Paying their way thru college, seems to be simply prolonging the “raising the child” stage.
It also seems completely unfair to a child that wants to work out of High School. Would you pay that same child the same amount of money you would pay another child to go thru college?
Appreciate that perspective. It is your choice.
To me, it simply seems like parents doing this are prolonging the “raising their kids” stage, beyond the normal legal age of 18 or graduation from High School.
It looks like you’ve made an attempt to hold your children to account, but I’ve had friends and seen over the years, that parents paying for their childs education, (or the child getting massive government loans) has led to the detriment of the child. They simple use their free time to party, and screw off instead of working for and earning it themselves.
Basically, my argument is that it build better character to have a person pay their own way, and the parents sit back in reserve to rightfully help if needed.
Makes a strong argument for sending your children out to find work by age six.
Besides, they’ll gain more pertinent life-knowledge from 16 weeks in a proper capitalist sweatshop than from 16 years in a woke classroom.
I think the situation varies from family to family. If our kids had been drug or alcohol users, or promiscuous, a whole different plan would have been implemented. Also, our kids had intellectual curiosity on academic subjects. If they didn’t, 4 year college would have been a waste of time. We would have looked at vocational training or military service.
Yes. What you said.
Bull
Children cost what you put into them.
The first one costs the most. Equipment. And that is available from goodwill and yard sales. Children are inexpensive. If you do it right.
Leftists do not want people to have children
My oldest two paid for their own Ed and they were out of debt within 3 years.
The younger 2 opted for otj training. One us starting his own concern. The other although mentally ill is a reliable and good worker.
Way too expensive.
I have seen several of these projections and they are never realistic.
I hope none of the $6 to seniors includes Social Security. That was money paid into the ponzi system by those seniors collecting those funds. Now Medicare is a really good deal for seniors and was put in place because private insurance companies made cost prohibitive to obtain medical, dental, and vision insurance for those who needed it the most.
Princeton Physicist says Climate Change Science has become a Cult and More CO2 is Good!
It’s my privilege to be a father.
When my kids were young I considered the 2 most important things was to spend lots of time with them and to limit what they watched on TV.
When they got older helping them through college and professional school was my duty and privilege.
It’s a difficult world, insisting that they make it on their own means that some won’t make it and the ones that do may not be successful until their 40’s, 50’s or later. How does that help them.
In GA we have the Hope scholarship. Tuition is free.
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