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Old 08-01-2004, 01:20 PM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
Quote:
Originally posted by xxxdesign-net
Thats BS.. Are we talking about Hollywood kids? if you pay for the child t'ill he is 20 spending $1 million... thats $50,000 a year... Tons of people raises kids with minimal incomes .. and do well..
Do you have kids? I'll assume not.

The national US statistic for high income families per child annually for the year 2005 is $16,000. If you are wealthy it goes to 3 times that.

And that only counts direct expenses, when you factor in the value of your time dedicated to raising of the child it goes even higher.

Christ you can spend $1,000 a month just buying toys and related entertainment things.

Right there you've got $12k a year just on that alone.
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