Kids Can Be Costly Long After They Turn 18 | Business Brainpower with the Human Touch | Scoop.it
Parents might be relieved to hear that last week's widely reported government figure estimating the cost of raising a child is, according to several economists, wide of the mark. The bad news is it may be a severe underestimate.


"The real costs of raising a child for a moderate-income family"—including forgone income, college for those who attend, and the so-called opportunity cost of not investing the money—"would be closer to $900,000 to age 22 than the reported $300,000 expenditures to age 18," says John Ward, an economist and the president of John Ward Economics, based in Prairie Village, Kan., which consults on legal disputes for plaintiffs and defendants.