Quote:
Originally Posted by mrkajz44
$740K? Even over 25 years, that averages out to $30K a year (after tax dollars too!).
I'm thinking that number is just a little inflated.
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In the US, I could see that.
- 10-20K a year for school/child care (public school isn't a good option in a lot of places).
- 5-10k a year on health insurance (can easily be $500 per month per person).
- Extra bedroom needed to house child (and thus a more expensive property, higher property taxes, higher utilities).
- Food, Clothes, Child Activities.
- Any flight/trip is instantly more expensive...can work out to thousands per year.
30k a year on a child is not totally unreasonable.