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Typical income is 50k a year and it takes ~250k to raise a kid you are looking at 13,888k a year for the kid, after taxes Children are extremely expensive. I
by geggam 8y ago
Typical income is 50k a year and it takes ~250k to raise a kid you are looking at 13,888k a year for the kid, after taxes
Children are extremely expensive. I have raised 4. You are broke the entire time and can always spend more on them.
In the US you are 1 medical incident from not affording anything and relying on welfare
https://www.thestreet.com/personal-finance/cost-to-raise-child-14814957 https://www.thestreet.com/personal-finance/cost-to-raise-chi...
- thaumasiotes 8y agoYou can always spend more on anything. That doesn't mean there's a good reason to do it.
- geggam 8y agoYou will notice the children who grow up to be the most productive tend to get the most support from their parents. I guess it depends on how much you want your kids to succeed vs how much you want to keep for yourself.