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 ...
My parents didn’t pay for my college, so I was cheap.
I really doubt the numbers in this report
Having raised 2 kids through college I think they are underestimating the cost. But it was worth it.
The divorce on the other hand...
This article is like those “medical costs in retirement” articles. It looks like a really big number that only a few can meet, but with a little bit of shuffling around and prioritizing things can be much cheaper.
I paid 432,000 to raise my son in Massachusetts via Child Support. He didn’t go to college or it would’ve continued plus half of the tuition. He’s a construction contractor now at 26.
Massachusetts has been out of control for a long time.
Of course it doesn’t help that the Feds pay the state for every dollar they can collect in child support. Quite the incentive to make it as high as is legal and they do.
Japan is going through it but they’re a homogenous country.
I just finished Jack London’s “People of the Abyss”. It was pretty sad and depressing. One church pastor ‘rescued’ kids from the squalor of their living conditions. 13 of them he sent to Canada. 55% of the kids born in East London died before their 5th birthday. The nation of Great Britain was doing quite well at the time and all this was going on. Today East London is very well-to-do. Was it capitalism evolving? Does it get worse before it gets better? London’s answer was socialism. I feel the open borders and homeless encampments here are sending us down the same road. Socialism then becomes a siren song.
It has ALWAYS cost extra to have children. And yet, civilization has survived famine, drought, locusts, and Springsteen to thrive and grow.
If you value your temporal wealth more than having a family, don't have sex. It's real easy.
Over or under?
Yes, one can save money too by feeding them less, clothing them humbly, and getting teens jobs and confiscating part of their wages.
God forbid parents deny their child the brick and mortar "college experience". Today, most colleges are incubators for creating anti-American liberals/communists, queers, fornicators, drunks and druggies.
There are many accredited online colleges that can give parents greater oversight over their child and cost a fraction of their brick & mortar counterpart, BUT the 'college decadent experience' will suffer choosing an online school.
I have 4 kids—Gen Z. I saved up for their college (4 years only, in state public university only and frugal housing) through 529 plans and I can tell you that the college costs alone were a half million dollars. It’s $15k/year tuition plus $15k/year room and board times 4 years times 4 kids. Two are done, one in college now, one in college next year. They work during the summers but can only make $2k/summer. No loans. I’m proud to have saved up for them but saving a half million dollars is not for the faint of heart and I benefitted from the stock runuo from 2010-2020 (when I did most of the investing).
The only way to make college costs cheaper is to do the 1st two years at community college and live at home. (Not a bad plan at all.)
The end result (in some cases)? A liberal smart aleck with a degree in gender studies.
Children are expensive there’s no question.
But I question the numbers that they show us here . They are saying it costs $18,000 a year to raise a child up to age 17?
Are they doing some accounting cost allocations, such as ascribing a portion of the mortgage or housing costs to a child living there?
Work and do it honestly; you pay $500k. Game the system and the state pays $500k when foster care, food allowances, rent allowances, nose ring allowances (okay I made that one up) are added into the total.
I guess everyone knows how the momma will say they don't know who the baby daddy is then give the kid to grandma to take care of so she gets $$$ to take care of and supposedly raise the kid with everyone living in the same house but using different mailing addresses. Total scam. The state knows about it and even encourages it.
For every government dollar that goes to kids under 16 there are 6 dollars that go towards seniors over 65. Heard it once. People over 65 are doing pretty well and they vote.
Same here.
I just dropped my oldest off for Graduate School. It was painful and my heart is breaking still. We sacrificed and she worked incredibly hard for what she has achieved so far and has a great work effort that we instilled in her. Even with the heartache I am feeling right now I wish everyone could feel the love and pride I have for her. What's more is this...If I love my daughter and all my children this much, how much more does God love us that he brings us into existence where he knows we will turn away from him much of the time?
This article is straight from the Devil. Duscouraging future parents and playing on their selfishness is evil.
Back in the 80’s think it was,, it was around $200,000 if I recall correctly
Good point. Elderly people always find a way to get their medical care. As I get ready to retire myself, I've come to realize that these are just scare stories as many people with far less means then myself are getting by just fine in retirement.
It's the same with raising children. The total cost of raising a child is scary when looked at in the aggregate, but when you are actually going through the process of child rearing, you take things one step at a time and always find a way to get food on the table, cover medical expenses, etc. There is no financial reason why couples of even modest means cannot raise a few children.
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