Don’t fall for it. Kids cost way more than that.
My co-worker paid $39,000 two years ago. It was ~$25,000 for us ~14 years ago.
Fuck. When i was born, i had to spend some time in an incubator. My mom fell in a coma and woke up 1 month later. We were in the hospital the whole time.
Tons of exams for my mom …
This would have ruined my parents, if i would have been born in the USA, which almost happened.
My co-worker paid $39,000 two years ago. It was ~$25,000 for us ~14 years ago.
That’s without insurance, right?
At least your remaining deductible, perhaps up to your max-year-out-of-pocket pre-paid weeks in advance assuming you have insurance and they’re in-network. So… almost certainly above 5k.
Hospital isn’t where it ends. I’m paying like 30 cents to 50 cents per diaper. Newborns can go thru like 8 of them a day, down to 3-4 once they are a few years old. Kids still wear them at night until sleep without peeing. Average it out to 2 a day * 0.40 * 365 * 5 yrs Or, 10 * 0.40 * 365 So around $1400 in diapers alone. Not including all the creams / wipes you need with that. Food. Medicine. Clothes. Toys. Sick days. Car seats. Strollers. Childcare for a thousand or two per month.
Give 50k and maybe you’d break even.
It’s all in what insurance, and the hospital ital costs are only the beginning
About 18 years ago we were pretty well covered: deductible wasn’t bad. But other people talked about first year supplies. You also have multiple doctor visits so even if it’s just deductible it starts adding up. Then we had an allergy thing where special food was $1,400/month - luckily we only had to pay a few months while arguing with insurance
Then we arrive at today. All those years of kid expenses made it tough to save, but now we have college expenses and the current administration is cutting financial aid
We need so much more than $5k to raise kids
My insurance was billed, I want to say 27k…just for cesarean and two days post care, for my first kid in 2016.
Second kid was an induced vbac and only one day stay in a smaller hospital…I think that was closer to 16k.
However…our insurance fully covers maternal care…so I think it was just the 30k in annual premiums, between what I pay and what my employer pays…plus the 5k deductible.
Depends on your insurance. I had 2 C-sections, both qualified by my doctors as “medically necessary,” and good insurance, so everything was covered. Note: it was in the 1990s, insurers have become increasingly dickish about that “medically necessary” qualification.
Also note: It’s not the initial cost, it’s the maintenance. My now-adults are priceless, but it’s been a lot of money!
Nothing like a $5k bonus for accepting a half million liability (at least).
Cost of raising a middle-income child in the US to age 18 (excludes college/university) is around $375,000 pre-cost increase due to the amazing economic changes. But hey, $5k sure sounds worth it! /s
Once again right wing policies don’t match up with what their stated goals are. This won’t even cover the hospital bill for delivering the kid, let alone what it costs to raise them.
If the right wing actually wanted to raise birth rates, they’d be offering universal healthcare, at least triple the current minimum wage, free preschool, free college/trade school, substantial paid parental leave for both parents, actual sick time/PTO laws.
Not this insult
I am extremely dubious on these figures, given the cost of child care.
that number needs 2 more zeros
