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The article states two (2) children costs $310,000. Comes out to be $8,611/year or $718/month per child. A tiny sample size, but I have several children and no
by WaitWaitWha 4y ago
The article states two (2) children costs $310,000. Comes out to be $8,611/year or $718/month per child. A tiny sample size, but I have several children and none of them cost me $23.58/day for 18 years.
Do you have a link to the actual study or the breakdown what went into this?
- lotsofpulp 4y agoNo, it states the per child cost for a family with 2 children: > A recent estimate conducted by the Brookings Institution projected the cost of raising a child for a middle-income, two-parent married family with two kids to be north of $310,000. >The estimate assumes the youngest child would be born in 2015 and covers raising the child through the age of 17. It does not include the cost of sending the child to college. This seems to be the source: https://www.brookings.edu/wp-content/uploads/2022/08/Brookings_Cost-to-raise-a-child_inflation-adjusted-2.pdf https://www.brookings.edu/wp-content/uploads/2022/08/Brookin... https://www.brookings.edu/blog/up-front/2022/08/30/its-getting-more-expensive-to-raise-children-and-government-isnt-doing-much-to-help/ https://www.brookings.edu/blog/up-front/2022/08/30/its-getti... Edit: not only does the study exclude college costs, but it excludes daycare costs, which are relevant to pretty much all dual income couples.
- sanderjd 4y agoThis seems implausibly high excluding college and daycare costs, and maybe implausibly low including them.