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 ...
Perhaps, but it’s still unbelievable to me that daycare costs in a handful of states for an infant amounts to $3500 per MONTH! How does a lower middle-class family afford that without going in the red every month?
Until employers wake up and realize that educational prerequisites they demand are truly not necessary for the jobs they offer, this ‘joke’ will continue full speed ahead with the backing of parents and Fed gov.
Horseshit. I have 3 kids, live in a very expensive area in Massachusetts. No way will I spend near $500k. Of course my oldest will be going to West Point or will have an ROTC scholarship. This “study” should not count college tuition.
Any parent that pays full freight for their kid to go to college is stupid.
Well yes it is not frugal to use day care!!
Frugal families take care of their own or co op with friends or utilize grandma etc.
Or you use government day care God forbid.
It’s mine as well. Have 4 wonderful kids. 2 working, 2 still in HS. My wife has a computer science degree, she and me paid for it along the way. Proud of that. I earned my way using the GI Bill and the VA after the Army broke me.
Most of my point, or argument against paying for college for your kids really boils down to self respect. That is something that can’t be earned when someone, even your parents give it to you.
My kids, even the youngest, already know they have support from us whatever they choose. Our support is letting them stay at the house while going to college or working and being a productive citizen. They’ve got free room and board, laundry, food; all that. It isn’t insisting they make it on their own, it’s allowing them the chance to work it out themselves with a stable environment.
My parents liked my plan better: 4 year Army ROTC scholarship. Paid all academic expenses, my summer jobs paid for room and board.
However, I'm not a big fan of today's woke military. Gut it out, do your 4 years active duty requirement, then move on...that would be my advice today.
If it does, you’re doing it wrong.
I think it’s harder these days to find ROTC options for college.
I think it’s harder these days to find ROTC options for college.
80% of college students graduate with student debt. I’m happy—not stupid—that I scrimped and saved so my kids could graduate without debt.
I don’t feel “guilt-tripped” at all to save up for my children’s college educations. In fact I consider it one of my proudest achievements. No guilt here, just pride and gratitude.
Staying at home while going to college typically only works for the 1st 2 years (community college)—most people don’t live within commuting distance of a 4 year university.
Let me amend my statement - you’re only stupid if you paid their way entirely. I assume your kids had jobs and at least helped pay for some of their schooling.
Teaches them a lesson in earning things that’s all. Did not mean to offend.
This is true. Especially large universities.
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