The Parent Trap
Robert Samuelson, Newsweek
WASHINGTON -- Among the government's most interesting reports is one -- published by the Agriculture Department -- that estimates what parents spend on their children. The latest version finds, not surprisingly, the costs are steep. For a middle-class husband-wife family (average pre-tax income in 2009: $76,250), spending per child is about $12,000 a year. Assuming modest annual inflation (2.8 percent), the report estimates that the family's spending on a child born in 2009 would total $286,050 by age 17. A two-child family would cost about $600,000. All these estimates may be...
http://www.realclearpolitics.com/articles/2010/08/09/the_parent_trap_106667.html
