Thirteen state attorneys general wrote to Secretary Sebelius yesterday to say they’re worried that her agency isn’t adequately protecting the privacy of those shopping in the insurance exchanges.
Cost to raise a child: $195,690.
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Then why do the poor tend to have more children than rich folks?
Depends on their household income. The higher the income, the higher the cost expected to raise a child.
It is actually at least $217,000 to raise a child born in 2012 to the age of 18.
“Parents with a baby born in 2012 will spend $217,000 to half a million dollars to raise the child to age 18″
Up to $500,000
That’s really high.
“Husband-wife families with annual before-tax incomes of more than $105,000 in 2012 will spend a whopping $501,250 to raise a child born in 2012 to age 18.”
Imagine having several kids, that is a major budget drain.
I differs by income range too.
“Parents with before-tax annual incomes of $60,640 to $105,000, considered the middle-range income group for this analysis, will spend about $301,970. Those with before-tax incomes of less than $60,640 a year will spend $216,910 to rear a child.”
The amount spent on raising a child varies by household income. Husband-wife families with annual before-tax incomes of more than $105,000 in 2012 will spend a whopping $501,250 to raise a child born in 2012 to age 18.
Maybe the poor are having more kids than rich folks because poor folks are getting a volume discount. It costs a wealthy family half a million to raise a kid.
“When the exchanges begin enrollment, various ‘navigators,’ assister, application counselor and other consumer outreach programs will begin inputting consumers’ private data into insurance applications to help consumers enroll in health insurance plans,” the letter says. “We take very seriously the privacy of our state consumers and believe that your agency’s current guidance regarding these groups suffers numerous deficiencies.””
The navigators could easily steal the information
I’m sure some dishonest people will be think of this as a bonanza.
That isn’t even going to be the only problem.
““There are fake exchanges already up and running on the Internet,” said Monica Lindeen, Montana’s Commissioner of Securities and Insurance. “
The most logical follow up question: If it costs $217,000 to $501,250 to raise a child to age 18, then how much does it cost to raise them until age 35 if they never want to move out?
Cost to raise a child: $195,690
-that seems like a lot of money to raise a kid. I’d have to imagine much of it goes towards extra curricular things.
“Cost to raise a child: $195,690″
Another reason why I’ll probably not have children.
How much to raise a puppy in today’s dollars?
I have 9 children and I’m pretty sure those numbers are inflated Keep in mind that I take the child tax credit and the deduction (never once have I paid zero in taxes in a given year) and have used ZERO programs from federal and state governments. My children are schooled at home (though I pay taxes for the local schools), we have never used Medicaid or SCHIP (which we have qualified for at various times) or any USDA food stamps. There certainly is economy of scale (heating my house costs about the same as if half of us lived here, food costs less per pound in bulk, usually, etc.) but these numbers are ridiculous.
This is another example of the anti-child bent of modern society, one which has produced the demographic bomb that will bankrupt our society when we have 3 retirees per worker. My oldest is almost 18 and there is no way we’ve spent anywhere close to $100k on her (though I suppose my wife’s ‘lost wages’ for choosing to be a mother rather than a clerical worker could add up to something, but not divided over the several children).
We are happy parents, our children are loved, and we wouldn’t make any different decisions if we could do it again.
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