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Thursday, June 17, 2010

Huffington Post: The Lifetime Costs Of Raising A Child


Log Cabin Republican Dog People

Although the GOp would like to force all pregnant mothers to bear children, the cost to raise a child has gone up 22 per cent. We have noticed a trend of conservative white people who make a decision to never have children.

Many of these conservatives are 'dog people' who replace their lack of children with dogs who they dress up like human children. Rightardia has even seen bunker stickers on the cars of some of these old fossils saying " Ask me about my granddogs!"

Who is the king of the conservative 'dog people?' That would be Rush Limbaugh who is a big supporter of the ASPCA.

These same conservatives, who don't want children, bemoan the fact that America is becoming browner. They prefer the simple life in which they eat out every night and don't get involved in the backbreaking work of raising children.

Everything changes between a husband and a wife when the first child is born, It is a huge sacrifice that couples make to raise a child.

Raising a child is 22 percent more costly than it was in the 1960's. According to a study released recently by the USDA. Adjusted for 2009 dollars, middle-income parents in 1960 spent a total of $182,857 to raise one child through the age of 17. Today, parents spend $222,360.

What accounts for the jump? These days, parents spend more of their family's wealth on their child's health care and education. As a percentage of total child-rearing expenditures, today's middle-income families spend approximately twice as much on health care as they did in 1960. Education and child care, which in 1960 accounted for just 2 percent of total child-rearing expenditures, now accounts for 17 percent.


The government's study, which surveyed 11,800 husband-wife families and 3,350 single-parent households, also found that, on average, low-income households spend more than twice as much of their before-tax income than high-income households do.

Low-income families, who make a before-tax income of less than $56,670, spend 25% of their income on raising a child. High-income households, those who make a before-tax income of more than $98,120, spend just 12% of their income on child-rearing.

To prepare you for the lifetime costs of child-rearing, the Huffington Post  put together a breakdown of the expenses for raising just one child through the age of 17. (Note: we've taken all the we've taken all the below data from the cost projections for a middle-income husband-wife family with two children.)

See the complete article and cost break out at http://www.huffingtonpost.com/2010/06/16/the-lifetime-costs-of-rai_n_614733.html#s101073

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