National Public Radio came out with an article last week about how incredibly expensive it is to raise children these days. Like most government entities (which NPR is), the numbers are displayed as nearly shocking. Gasp! the title reads: “It Costs $222,360 to Raise a Child.”
Read the article. It is short and sweet, the obvious conclusion that it is a heckuvalot of money to raise a child nowadays. The Jeubs blow this study to smithereens. We have rebuttals for such nonsense…
- Housing accounts for 31% of total child-rearing expenditures. This accounts for 1 child. What’s the housing costs for a second child? Perhaps 1% for getting a bunk bed from a garage sale. Most homes come with more than a couple rooms, so housing plummets after the first child. Claiming 31% total expenditures is like claiming per-person fuel expense in a car; add a passenger and it adds virtually nothing to the fuel expense.
- Child care & education. Odd how they lump these together. Assumption is child care at a young age then paying for their own school. 17% of the yearly expenditure. They must not have interviewed moms who stay home and homeschool their children. Wait, that doesn’t matter. Those families have to pay for their own school and child care AND that of the public schools. That’s only fair.
- Food. Wow, 16% goes to the grocery bill. Much of Cheaper by the Dozen CD digs into that. This is perhaps true for our family of 13. If a one-child family is spending this much, I’d like to see how their spending their money. They need a lesson in frugality.
These numbers don’t faze us. We’re having more children and our expenses will be covered. According to this study, we should be making $182,000/year to survive. Heh, heh, heh. That’s funny.
What do you all think?