Skip to content Skip to main navigation

Community

Experts in Wills, Trusts
& Estate Planning

Half a million to have a kid

By GnT 12 December 2007 32

Researchers for the University of Canberra have found that it costs roughly $500,000 to raise two children from birth until age 21. The amount varies depending on your income level. High income earners spend a lot more on education (presumably due to private school fees) whereas low income earners seem to spend a lot on recreation. Not sure if this amount include loss of income.

This research delivers no big surprises to me. I’d like someone to do a study which shows only what you need to spend to raise a happy, healthy child, which should be roughly the same across all income brackets.

What’s Your opinion?


Please login to post your comments, or connect with
32 Responses to
Half a million to have a kid
Filter
Showing only Website comments
Order
Newest to Oldest
Oldest to Newst
Holden Caulfield 1:44 pm 14 Dec 07

“its actually time to start controlling our evolution… first step is population control..quality DNA not quantity.”

Lead on McDuff…

Dark and Mysterious 12:37 pm 14 Dec 07

I just had a child as a vanity project to perpetuate my DNA. I’m happy to pay for that. 😉

I’m too rich to get any government benefits, apparently.

Absent Diane 9:57 am 14 Dec 07

its actually time to start controlling our evolution… first step is population control..quality DNA not quantity.

ant 10:49 pm 13 Dec 07

Oh, I don’t think the human race is in any danger of dying out (other than by killing itself with pestilence and ruining the world it lives in). You’ve been listening to the economists, who want us to Grow Consume Develop.

We are facing land, water, food shortages. I think we have already gone beyond what we should have. people should be taxed for havign kids, not paid for it (and definitely not subsidised).

sepi 9:07 pm 13 Dec 07

I get no family tax either.

Do you guys really want to be part of the last generation on Earth?

ant 8:58 pm 13 Dec 07

“Remember, ant (and AD), these kids are going to be paying taxes in 30 years which will pay for your health care, medication, transport etc.
Comment by GnT — 13 December, 2007 @ 8:59 am “

That old chestnut. Do you want a medal? Meantime, I have also been saving hard for my retirement, and my super will be taxed when I get it, by the way (more money for FAMILIES I imagine), and I’ll pay my own way, like I always have. Not bludging off the taxpayer.

H 7:12 pm 13 Dec 07

Ebay, Vinnie’s and salvos clothes do me and my children. I get no family tax benefits at all because I work too hard and earn too much money. So ner 😉

I reckon kids are expensive if you buy them all the kiddy crap advertised everywhere. BTW, my 10 year old just read what I wrote and agrees with me; he says: “Why buy all the kiddy crap that you never use again after you’ve had it two weeks?” Smart kid that one!

Mr Evil 12:22 pm 13 Dec 07

I don’t have parents either: I am the end result of a sheep breeding experiment that went horribly wrong at Lincoln College in the late-60s.

Absent Diane 9:49 am 13 Dec 07

I don’t have parents; just a sperm delivery unit and a squeezer.

Holden Caulfield 9:21 am 13 Dec 07

“anyone who is stupid enough to have a child deserves whatever comes to them. I hate nothing more than listening to idiotic parents whinge about their children or how much they cost to water and feed or how because of children they are broke. Guess what? it is your own fault deadshitz!”

Your parents must be so proud. 😉

GnT 8:59 am 13 Dec 07

Remember, ant (and AD), these kids are going to be paying taxes in 30 years which will pay for your health care, medication, transport etc.

Neocom 11:18 pm 12 Dec 07

OMG I’ve been ripped off I sold mine for 1/2 that!

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2018 Riot ACT Holdings Pty Ltd. All rights reserved.
the-riotact.com | aboutregional.com.au | b2bmagazine.com.au | thisiscanberra.com

Search across the site