Thursday, August 06, 2009

The USDA Finds Out that Children are Expensive

A hat tip to the good men and women at Booker Rising who are probably saying, "No sh!t Sherlock"


Bike Bubba said...

It's worth noting here that the cost scales pretty well with income; what they've really found is not that children are expensive per se , but rather that people choose to spend on them.

For example, the first $5000/year or so is housing and daycare costs. Yes, if you get a bigger home ($30k bigger by my estimate) and pay a lot for daycare ($5-10k) is typical, you can pay a boatload of money for your kids.

On the other hand, if you sensibly realize that the #2 income of the wife is taxed away and eaten up by expenses, you can drop most of that expense.

Still an expense, but most families with a lick of sense aren't paying near that much.

Dave said...

The USDA obviously never heard of yard sales. 8-) As with health care, Americans spend so much on their children because they can, not because they have to. If you knocked a zero off the USDA figure, your kids would still grow up in greater comfort than 99% of the people who've ever lived, and they'd have a better work ethic than those $221,000 USDA Choice brats.