Archived Parents, save up: Cost of raising a child is more than $233K (wtop.com)
submitted ago by Some_Guy_from_RI
Posted by: Some_Guy_from_RI
Posting time: 3.9 years ago on
Last edit time: never edited.
Archived on: 4/10/2017 10:00:00 AM
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10 upvotes, 0 downvotes (100% upvoted it)
Archived Parents, save up: Cost of raising a child is more than $233K (wtop.com)
submitted ago by Some_Guy_from_RI
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[–] daskapitalist ago
"My neighbors subsidize my kids so they dont really cost that much!" -Your "logic"
[–] Thisismyvoatusername ago
It is not a matter of my logic. It is a matter of political reality. This is /v/personalfinance. The OP is about a report which purports to state the amount parents can be expected to incur in raising children. By its own terms it excludes costs which are not paid by parents directly (so it excludes not only your tax dollars, but theirs). Taxes are going to be charged and collected by government and spent by government regardless. Of course, if government stopped, then the cost to the parents would go up.
The current system isn't likely to change anytime soon, so there is no point in calculating a value of the cost to society and attributing it to each child when the question is how much a parent must spend. You can be as butthurt about how your taxes are spent as you want, but it doesn't affect my point. Indeed, it is completely irrelevant to the discussion.