The cost of raising a child in America has soared (2018)
marketwatch.com
The cost of raising a child in America has soared (2018)
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Re: The cost of raising a child in America has soared (2018)
#2There is no inflation, fake news.
Re: The cost of raising a child in America has soared (2018)
#3I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
Re: The cost of raising a child in America has soared (2018)
#4That's because women left home and went to work outside, they don't generate a real economic value at the workplace as most of them work for the government paid by taxes, as care takers - teachers, social workers, shrinks, nurses etc. or as value transference agents - lawyers, marketing and bankers.
They don't grow the economy, hardly any of them generate new businesses, they don't build anything physical and hardly even anything technological and they don't even create much entertainment like music or movies, they just perform.
The average housewife used to generate much more economic value and that's why when all the housewife jobs are now outsourced, it is much more expensive than the value the average woman generates at work. All those jobs the housewife used to do, food, laundry, taking care of kids physically, mentally and help them with homework, taking care of the elders, cleaning, gardening. All those things are outsourced and even using slave labour from Mexican illegals doesn't make it economically viable comparing to your average woman doing some secretarial work with a fancy title outside.
Re: The cost of raising a child in America has soared (2018)
#5I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
I am really sorry to hear this. :/ You are bringing two wonderful human beings to the world and the system is failing you badly.
Re: The cost of raising a child in America has soared (2018)
#6The article points to housing as one of the largest factors of raising a child, and mentions healthcare as well.
To my very limited understanding, we calculate inflation from some fixed [per comments below: not entirely fixed] index of consumer goods prices [per comments below: which include some notional aggregate of rent].
Is it possible that instead of saying "The cost of children, housing, healthcare, and education have risen sharply" we should instead be saying "Inflation has increased substantially more than previously calculated because the price of a loaf of bread has been fixed by subsidies"?
Re: The cost of raising a child in America has soared (2018)
#7The article points to housing as one of the largest factors of raising a child, and mentions healthcare as well. To my very limited understanding, we calculate inflation from some fixed [per comments below: not entirely fixed] index of consumer goods prices [per comments below: which include some notional aggregate of rent]. Is it possible that instead of saying "The cost of children, housing, healthcare, and educati…
> we calculate inflation from some fixed index of consumer goods prices
CPI includes housing, healthcare and tuition. The basket isn’t fixed, e.g. 1999 CPI didn’t include cell phone data costs.
Re: The cost of raising a child in America has soared (2018)
#8I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
What insurance plan can result in $7k out of pocket for unborn children?
Re: The cost of raising a child in America has soared (2018)
#9I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
What insurance plan can result in $7k out of pocket for unborn children?
A very poor one it sounds like. Even a high deductible plan shouldn't have an out of pocket expense that is that high.
Re: The cost of raising a child in America has soared (2018)
#10I'm having identical twins, classified as high risk. The cost is mind-boggling. I've already paid $7000+ out of pocket, and they have not even been born yet. Costs are mostly related to having to do ultrasounds all the time, and one MRI.
What insurance plan can result in $7k out of pocket for unborn children?
Any high deductible plan will do that, but he’s covered after that. It’d also be conducive to his wallet if they get born before Jan 1st.