lectur2-page8 - particulars of this study. The estimates...

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Above you see a proposed cost of raising a child in 2007 at different income levels or standards of living. For example, families earning less than $45,800 per year on average spend $7,830 per year for children up to 2 years of age; 8,0200 per year for children between the ages of 3 and 5. Study the table for a minute and think about calling mom and dad and saying, “Thanks.” Click on the link at the bottom of the table and visit USDA’s web site and read the
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Unformatted text preview: particulars of this study. The estimates include expenses for housing, food, transportation, clothing, health care, child care and education, and miscellaneous expenses (personal care items, entertainment, etc.) The three largest expense categories associated with raising a child are: Housing ~33% Food ~17% Transportation~14% Kids are not cheap to raise are they? 8 Kids are not cheap to raise are they?...
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