Why Are Children So Expensive? - The Challenges of Raising a Child Today #Best Education Page #Online Earning

what's the cost of raising a child in

America today how much will it cost to

raise your kid are you thinking of

starting a family chances are you've

considered it once or twice if you are

in a serious relationship that's

probably come up in conversation

children are a lot of fun and it's a

noble idea to want to continue your

family's legacy but there are some costs

associated with raising children that

you should prepare for so in this video

we're going to look at the cost of

raising a single child from birth to the

average age they're expected to move out

of their parents house which research is

disclosed is 22 years old although

here's an interesting fact research has

found that more than 1 in 10 adults are

still living with their mother and

father at the age of 40 isn't that

shocking in a report released in 2017

the USDA says it will cost two hundred

and thirty three thousand six hundred

and ten dollars to raise a child in

America today that's a harsh reality

especially if you want a large family

but there are some things you can do to

prepare for that reality the average

middle-income couple with two children

is estimated to spend two hundred and

thirty three thousand six hundred and

ten dollars per child that number

doesn't include college expenses but

with the average college tuition in

America costing on average thirty three

thousand four hundred and eighty dollars

in a private college and twenty four

thousand nine hundred and thirty dollars

at a public college the cost of raising

one child skyrockets to over a quarter

of a million dollars that's one

expensive kid the cost of raising a

child obviously depends on several

factors including housing food education

from preschool through high school child

care health care personal care and

entertainment expenses in 2015 the USDA

surveyed about thirty thousand

households and determined the cost

really depends on your lifestyle and

where in the country you live for

instance it costs an estimated one

thousand five hundred dollars more to

raise children in an urban setting

versus a rural setting it cost parents

in the urban northeast about two hundred

and sixty four thousand dollars to raise

children versus just over two hundred

and twenty four thousand dollars in the

urban Midwest contrast that with moms

and dads who spend about two hundred and

thirty two thousand dollars to raise

children in the urban South and a little

over two hundred and forty

five thousand dollars in the urban West

those living in rural areas pay the

least at an average of about one hundred

ninety three thousand twenty dollars

according to the FDA data a family's

largest expenses housing which accounts

for twenty nine percent of the overall

cost of raising a child in America

after that or food at eighteen percent

child care and education at sixteen

percent

transportation at fifteen percent health

care at nine percent seven percent for

miscellaneous purchases and six percent

for clothing if you anticipate paying

for your child's private school

education or hiring tutors your cost

would be higher than a family that sent

their kids to public school and if you

grow a raise most of the food your

family consumes your food costs will

probably be lower than the family the

chops at the supermarket although these

costs are outstandingly shocking here's

the good news

family suit plan on having three or more

children can expect to spend twenty four

percent less on average per child

compared to those with two kids this is

thanks to a phenomenon referred to as

the Cheaper by the Dozen effect thanks

to the economies of scale with regards

to children as families increase in size

children may share a bedroom clothing

and toys can be reused and food can be

purchased in larger more economical

packages but don't let all these numbers

overwhelm you children might be

expensive but they're worth every penny

with all this information in mind you

could be more financially prepared to

become a parent thanks for watching and

if you guys would like more videos like

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