Mar
06

Parental Poverty

povertywithkidThe Friday File: The cost of raising a child from birth to college is $245,340, or $13,630/year for families with annual incomes of $82,790. Of course this excludes college costs and forgone income while being a stay-at-home parent. Conservatively those two items sum to over $150,000, bringing the total cost/child to an eye-watering $395,000! No wonder population growth in the US is slowing. Could a modern-day Brady Bunch afford Alice?

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