Chattanooga Family and Childhood Experts Speak On Record Cost Of Raising A Child In The US

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Updated: 8/20 7:14 pm
CHATTANOOGA, TN, (WDEF)-The USDA report shows from birth to college going age an average American family will spend a whopping 245,000 dollars.

Experts in child and family studies at UTC say the costs are rising because of major social changes.

Dr Cheryl Robinson, UTC Early Child and Family Studies."Parents feel guilty if they don't provide all these things for their children but actually as a personal opinion I feel like its killing us"

Dr Robinson says new technology and costs of gifts and extra toys children really don’t need also play a role.

"We teach our children to be me me me, we don't even realize we are doing it sometimes. Children want so many things and they cost so much"

The study found that when adjusted for inflation, the cost of raising a child in the 1960s was around 200,000 in today's dollars but that is still 45,000 bucks less than families are actually paying right now.

At First Things First, leading family planners say they have seen major changes in the pressures that families are putting on their children to succeed"

Julie Baumgardner, First Things First, "Formal play dates, things like Kinder-music, gymnastic kind of things, there's all kind of activities starting very early and continuing on through high school"

Baumgardner says we need to look at why we are spending money not time with our children.
  She added  there are financial benefits to raising a child in the South.

"Biking, playing in the lake, climbing rocks, there are lots of free activities that families can get involved even going to the battlefield"

The Expenditures on Children by Families Report says two of the major expense areas that were not as costly in the 1960 are now healthcare and childcare.

Research also showed families in the urban Northeast can expect to pay upwards of 280,000 dollars over the next 18 years if the child was born in the past year.


For More Information:

http://www.usda.gov/wps/portal/usda/usdahome?contentid=2014/08/0179.xml&contentidonly=true
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