Cost per child is $300k, $400k including college. The state (which means workers’ taxes) chip in an average of $17k / year for k-12 which is another $200k. That’s $600k per child, not including the free labor from the parents.
The average savings for someone 65-74 is $200k. End of life costs are $155k for the last 3 years.
So you just said about 20 years of life is only twice that of the last three years of life for your starting figure. Add in college and it’s still not that egregiously more.
You feel the need to add public school costs, but not add in medicare, social security, and other expenses exclusive to old age.
Cost per child is $300k, $400k including college. The state (which means workers’ taxes) chip in an average of $17k / year for k-12 which is another $200k. That’s $600k per child, not including the free labor from the parents.
The average savings for someone 65-74 is $200k. End of life costs are $155k for the last 3 years.
…uhh… do you have ANY citation for those numbers?
https://www.cbsnews.com/news/cost-to-raise-a-child-300000-us-state-by-state/
https://educationdata.org/public-education-spending-statistics
I used low numbers of ranges and rounded down.
So you just said about 20 years of life is only twice that of the last three years of life for your starting figure. Add in college and it’s still not that egregiously more.
You feel the need to add public school costs, but not add in medicare, social security, and other expenses exclusive to old age.