The Cost Of A Kid: $304,480
AND RISING …
In case you missed it, last week we published a story on the nation’s declining birth rate and its broader implications for our economy and country. Naturally, this story was nothing more than an excuse to show off our founding editor’s newest edition, Baby Eva.
How cute is she? THIS cute, people.
For those of you keeping score at home that’s Kid No. 4 for him … and the lovely Mrs. William Folks (a.k.a. “Mrs. Sic”) has no intention of slowing down anytime soon.
One question people like to ask Sic Willie: “How can you afford so many kids?” That’s a good question – and he doesn’t know the answer. Also, there’s no real estimate of how much a kid costs, is there?
Actually, there is …
According to the latest data from the U.S. Department of Agriculture (USDA), the average middle class family in America will spend $245,340 (from age 0-18) on a child born in 2013. That add up to $304,480 when you adjust for projected inflation rates.
Oh, and those totals don’t include expenses incurred during the nine months the kid is in the womb …
“In today’s economy, it’s important to be prepared with as much information as possible when planning for the future,” a USDA official said in releasing this information.
Here’s your kiddie sticker shock.