A new report states that food, clothing and health care can add up to tons of expenses before adulthood. How much? $234,900 for a child born in 2011 to a middle-income family.
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Our take: The amount of money children will cost parents up to age 18 is higher than ever — $234,900 for a child born in 2011. And that is if they move out. No word on if children ever pay it back. Eve Tahmincioglu recently reported in Life Inc.:
Many parents today are worried about how they're going to send their kids to college given the high cost of higher education. But maybe they should be more concerned about the 17 years before the little darlings hit the road.
Food, clothing, and health care are just a few items that can add up into tons of expenses before adulthood. How much? $234,900 for a child born in 2011 to a middle-income family.
Read more about Ouch! That bundle of joy will cost you $234,900 on Life Inc..
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I am a staff writer for the Deseret News. My current beat is financial responsibility. I also occasionally write on other topics such as faith. I graduated from Arizona State University and from J. Reuben Clark Law School more ..
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Hmmm... Reason #327 to never have (a) kid(s).
Haha, I think we all know that the expenses end up being a lot more expensive than that.