Cost of Raising a Child
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|Mon, 04-14-2003 - 10:37pm|
Look specifically at page 5, which is the table of results their study found. They have split it up into 3 groups. They are all based on gross income, the three groups being Under $39,100, Between $39,100 through $65,800, and more than $65,800. The charts also split up what is spent based upon the age of the children.
I'm curious as to how correct this is for those here. These studies always amaze me b/c it seems to me they are soooo over the top in their assessments of what is actually spent on a child. For instance, in our case we fall into the more than $65,800 table. They state that for DD(6) the total spent annually averages $13,570 or right at $1130 per month. And for DS(4) the total spent annually averages $13,720 or right at $1143. That is soooo way off for what we spend on our children, and I would say that we spend WAY more on our children than any of our friends and family do on their children.
First, I really wonder about the housing costs. I mean, who wouldn't have a home even if they didn't have children? Of the friends and family I have who do not have children, they all still pretty much own (or are buying) their homes, and I would even say they own nicer homes than if they had children. Much less how MUCH they say housing costs would be. According to the table we fall under, with a 4 yo and a 6yo, it comes to a total of $10,590 or $882.50. Heck, we only spend about $963 a month, including utilities, insurance, taxes, etc.
Just curious as to others thoughts on where they fall in the tables, or just how they feel about the study period.