The Cost of Raising a Child
Wed, 08/05/2009 - 04:58 — Jinghao
The government estimated that it costs middle-class families 292k to raise a child to adulthood in 2008, accounting for inflation. I don't think that includes all the opportunity costs--time spent babysitting, the opportunity cost of money, etc. That said, the entire cost probably comes closer to a million.
So why do poor people have more kids? Would they be if they weren't financially rewarded for it?
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Maybe they can't afford
Maybe they can't afford condoms.
Or maybe they have nothing better to do than to reproduce.
For exactly the reasons you
For exactly the reasons you stated:
"it costs middle-class families 292k"
"the opportunity cost of money"
Their costs are much less, so it becomes cheaper for them to raise a child than a middle class family.
"Maybe they can't afford condoms."
I would totally provide free neutering for the poor.