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...
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.
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?
Back in the 80’s think it was,, it was around $200,000 if I recall correctly
The interesting thing to me about this report is, the number of $500,000 is about the same as what they were saying 30 or more years ago. I remember the number.
I honestly don’t understand why most people pay for their young adults college education. Anyone want to fill me in?
Why do parents baby their children so long?
When an adult, it’s on them. Help your kid out from time to time? Sure. I will do that 10 times out of 10; whether my kids choose college or not.
Again, why baby your adult child by paying for their education?
And raising each child is worth every penny.
*I feel the open borders and homeless encampments here are sending us down the same road. Socialism then becomes a siren song.
Count on your nest egg being stolen.*
They can wait until you’re dead to take it. You won’t feel a thing. The well-to-do offspring will make it on their own.
This is absolute balderdash.
It costs nowhere near this to raise a child if you are frugal.
No. It isn't.
These numbers are bogus.
How do I know?
Experience bucko.
These type of articles are so deceptive and trick young people into not having kids because they don’t think they can afford to. But the truth something as simple as a pack-a-day smoking habit can cost you a MILLION + over the course of your lifetime.
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.
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.