The Price of Children

The government recently calculated the cost of raising a child from birth to 18 and came up with $160,140 for a middle income family. Talk about sticker shock! That doesn't even touch college tuition.

But $160,140 isn't so bad if you break it down. It translates into $8,896.66 a year, $741.38 a month, or $171.08 a week. That's a mere $24.24 a day! Just over a dollar an hour. Still, you might think the best financial advice is don't have children if you want to be "rich." Actually, it is just the opposite.

What do you get for your $160,140?

On March 25th, 2005 a new search was executed to attempt to discover the author of this piece. While it is still widely circulated on the internet we still still have not been able to find the author. If anyone knows of the author of this piece please contact us so we may attache proper attribution to the text.