This is before the possible $200,000 for a four year college education.
You will find more statistics at Statista
DON’T HAVE KIDS
This is before the possible $200,000 for a four year college education.
You will find more statistics at Statista
Don’t worry about it. SNAP and TANF will cover everything. I need say no more, other than re-post this link:
Thanks for the hat tip, Admin.
I feel like a couple of weeks ago I poked and prodded at what must be sensitive issues for you, worrying about your son(s?) future(s?). What are you telling them, about having kids of their own?
It’s a bad time for people who want to invest in the future by having kids.
Not to say things won’t recover eventually, but that could take a hundred years or more. If I had a kid today, my kid would have to live his whole life watching things get worse, much as I have done.
This is all based on my conclusion that there will be no sudden collapse or crash, and we won’t see all these corrupt systems fail all at once, but that it will be a long-lasting, slow decline. (I don’t believe in the religion of the Turning theory.) Of course anyone and everyone is free to disagree with me.
I just wouldn’t want to have kids only to witness them having shitty lives. I’m still hoping the pugs take over.
I don’t tell my kids how to live their lives. Did you listen to your parents?
My kids will make their own decisions in their own lives.
Turning theory isn’t a religion. That reveals your ignorance. Have you read the book?
It is common to project your shitty life onto the lives of others.
Giving up is what most sheeple have done or will do. So you have plenty of company.
Great Pug Buddha:
“Pugs do not get the concept of no when it comes to a lap.” (Or anything else, really.)
Thorin Oakenshield (and AWD?) quote:
“Since I leave now all gold and silver, and go where it is of little worth, I wish to part in friendship from you.”
Thorin, the Great Pug Buddha, and Pirate Jo: ”
If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.”
I raised and provided for 2 of the little shits…they seldom speak to me since I divorced their saintly mother 20+ years ago. I say, ‘drown the kids and keep the kittens’.
I think those numbers are highly inflated.
$33,000 for clothing and misc? About $2k per year? WTF?
$44,000 for child care and education? Well, I don’t know how much child care costs. WE took care of our own children. Ummm, isn’t public school “free”?
And the housing shouldn’t be included at all. The parents need housing … whether or not they have children.
$245, 340 over 18 years comes to $13,630 per year, for ONE child. The median income in the USA! is $51,000, BEFORE taxes …. so there’s no fucking way that those folks are spending $13,640 per year … again, for ONE child.
I smells a load of horseshit.
Pirate Jo
If the world followed your advice, the human race would become extinct in one generation.
Not sure if you understand that. Just sayin’ …
Children are the future, unless we stop them now.
Don’t take this personal Pirate Jo … I just think it’s funny
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As a mother of three young adults I will say to have kids requires being an optimist [or a clueless, delusional fool] and having the selfish desire to continue on in a manner after death.
Guilty as charged. I wanted the lessons and the stretch that came with being a parent knowing the whole time that if I did my job right they would “go away”. I wasn’t so clued in on the marriage thing and that didn’t last – but I remain hopeful and optimistic, to a point.
I keep telling my kids these are fascinating times – a paradigm shift – and we have front row seats within a wrenching, disorderly and gut-wrenching time. I try to coach being foot loose and quick – able to both see and then take advantage of opportunities that manifest.
But they all grew up here in Raleigh- somewhat of a Boom Town and particularly fun for the 20 something crowd – and they all have SO’s, jobs and friends so apparently life is good. Oh… to be 20 something again.
I came of age in the late 70’s – early 80’s – when cynicism was defined by the early and very dark SNL – and I still wanted the lessons that came from having kids. I have a more than a few childless friends and by-in-large it was a well-made decision.
The psychological, emotional and spiritual reach of parenting is profound and not something to be taken lightly – mentoring future fellow citizens is hard work and unfortunately not all parents are taking it seriously.
My two cents.
For $245,000 we could have thrown in a new car and her first house.
What world are these people living in?!
My parents never really held me back or steered me in any particular direction. They just laid down a solid foundation of right and wrong, responsibilities and consequences etc. Most important of all, they were CONSISTENT. After that they pretty much encouraged my brothers and I in anything we wanted to do. They only area I thought they were lacking was in teaching us kids about money. “Their” money and bills were always subjects that were off limits for us kids.
I like to think I’d be as good as they were if I had kids but I really have to fight the urge to provide doom education to my best friends grandson. He has asked my help in raising the kid so I find myself trying to teach him problem solving skills and how to think up multiple solutions to a variety of problems. On one hand I’d like to teach him about the doom but he deserves to be a kid and not be burdened by that crap.
Teaching kids things is funny in that quite often you don’t know what sticks and what goes in one ear and out the other. One day we were out running around doing errands and such and his papa needed to go to Walmart. When we walked in I could see the kid go into overwhelmed zombie mode. He loves shopping for some reason. Anyway, after watching him with glazed over eyes and drool running down his chin I took him aside and explained that 99% of the stuff in that store is designed to separate him from his money. The kid likes money but that’s another story.
His papa had recently given him his first pocket knife so knives catch his attention. As we walked past the kitchen knives his eyes lit up over a “watermelon” knife. It was just a cheap piece of crap chinese knife that was painted to resemble a watermelon but he liked it. I reminded him that most of the stuff is just designed to separate him from his money and pointed out the EXACT same knife right next to the watermelon knife but this one was painted the colors of cantaloupe and it had not caught his attention. I pointed this out to him as well then asked if he thought his new pocket knife would cut watermelon? He reasoned that it would so I pointed out that he could just keep his $9.99 in his pocket and use his pocket knife. I wasn’t sure what he really thought about what I had said until a couple of weeks later.
He and his papa were shopping elsewhere when the kid noticed his papa comparing a couple of items. The kid walked up to him and said “papa, this is just a bunch of crap designed to separate you from your money!”
I don’t think kids being born now would have to live their lives watching things get worse. Fact is that many things have gotten worse over the course of my life but a great many things have come along that are better than what my parents had. I live a better life than my parents did at similar ages. You have to keep in mind that kids don’t and won’t have your perspective on things. Sure I had a much more carefree childhood than a kid would today but they have no direct experience to compare that to.
Teach kids a solid, consistent diet of right from wrong and encourage them in their interests. Celebrate their successes and teach them how failures are just lessons to learn from. Most of all BE PRESENT, BE INVOLVED.
Is it better to have loved and lost than never to have loved at all? If you answer “yes”, then have kids, because raising kids means getting them ready to leave you.
One day my son asked me if he could buy him a $400 bicycle for his birthday. I said, “Son, we have a $200,000 mortgage on the house, and you want me to buy you a bicycle? You will have to wait until Christmas.” Well, Christmas came around and I had to tell him the mortgage was still high, and he’d have to ask me again some other time. Well, a few days later I saw him walking out of the house with all his belongings in a suitcase. Of course, I asked what the heck was going on. He said, “Dad, last night I was walking past your room, and I heard you say that you were ‘pulling out,’ and mom said that you should wait because she was coming, too. And I’ll be damned if I’m gonna be stuck with your $200,000 mortgage!”
And then there was the time when he was 16 … and he started ‘going steady’ with Cindy. Well, shit, I figured it was time to tell him about the birds and the bees … and he got really pissed off. Again, I asked ‘why?’. And he said, “When I was 10 you told me there was no Santa, at 11 you told me there was no Tooth Fairy, at 13 you told me there was no Easter Bunny. Now if you’re going to tell me I won’t be getting any pussy from Cindy I’ve got nothing left to live for!”
I may not be in touch with you shit throwing monkeys everyday at the moment, but I sure as hell am with my kids.
It is not about money, it is about family and relationships.
Some things are priceless. Family is one of those things. Any sacrifice is justified.
PJ – no offense, but I pity you for not knowing that.
PJ , seems like your taking hits from all the big dogs but I don’t have kids either. When I was younger I did want children but I am glad I didn’t especially after my marriage fell apart. Sure I missed some things but so what.Being single has advantages and this crazy world will keep turning with or without children.
Those numbers get even more asinine when you add a 2nd child.
Leaving off housing, but keeping the other 4 items the same = $137,370 … or, another $7,631 per year, or $21,261 per year for two kids …. which is utter bullshit.
Admin posts this crap just to piss me off.
Question; If good, honest, rational, responsible, intelligent couples are not having kids, who will inherit the USA?
Of my 5 adult offspring, only one is a parent. Two grandchildren from five, employed, well educated adults, all married for over 10 years, is telling me that FSA wins via default. Just saying.
If you wait until you can afford to have kids, then you’ll never have kids….
Just have them and make do. Only narcissistic, selfish, conceited shitbags don’t have kids… life ain’t about YOU, it’s about THEM…
Folks want to end their bloodline by “not having kids”? Fine by me. More for the rest of us. And it’ll be quieter when you’re gone…
it has only been since the end of the last “high” and beginning of the “awakening” in 4T terminology that the having or not having children became a ” choice”, thanks to the pill. This is a post modern phenomenon. To me, it’s so pathetic to see 30 something women with their desks and offices papered with pictures of their ugly little yapper dogs. To quote Kitty Foreman from that seventies show replying to Donna when she tells her mom about her feministic aspirations and not wanting to marry,
“thats great dear! And when your 50, you can tell your cats all about it.”
A college degree is worth about $300,000, the New York Fed says
Despite the rising cost of a college education coupled with the hardships of finding suitable employment following graduation, and not to mention the lingering debt, it turns out that acquiring a bachelor’s degree is still quite a good investment.
That’s the conclusion of a report (the first of four) by the Federal Reserve Bank of New York on the value of a college degree. In the article, authors Jaison Abel and Richard Deitz address the issues facing college graduates today—tuition, student debt, wages post college and the lack of jobs—by putting them into perspective stating that, “the value of a bachelor’s degree for the average graduate has held near its all-time high of about $300,000 for more than a decade.”
The New York Fed goes on to do the math revealing the benefit to a college degree being the college wage premium, or the extra money you can expect having a bachelor’s degree. The college wage premium is estimated as the average wage of college graduates compared with that of people with only a high school diploma, this is then summed up over a working life of more than forty years.
The most recent estimate of that gap between a college and high-school diploma, for full-time workers aged 25 and over, was 78%, according to separate data from the Bureau of Labor Statistics.
In an attempt to pin a dollar figure value to a college degree, the New York Fed looks at the costs and benefits to going to college over time. The report states there is a negative cash flow during the first four years, followed by a positive cash flow acquired during one’s working career, also known as the college wage premium. Of course money earned in the future is worth less than that in hand today, so they take the time value of money into account, discounting future earnings at a standard rate of 5%.
The results, which reach back as far as 1970, found that the net present value has grown since the 1970s, nearly tripling from the early 1980s to the 1990s where it’s stayed fairly consistent around $300,000.
The report went on to assess the value of a bachelor’s degree by seeing how long it takes to earn back the money spent on average. It found that the time it takes to break even on the investment of a college degree has fallen over time and now sits somewhere around 10 years.
It’s important to note, however, that these numbers are mere averages and cannot be attributed to everyone’s unique situation. But generally, in the long run, a college education is an investment that pays off.
Of course wasn’t it the NY Fed that said “housing has never fallen in value?”
Or, the even better, “consumers are hoarding cash” while every consumer I know is struggling to keep even, with no savings?
Or, my favorite after my latest trip to Costco, “inflation is lower than we would like.”
Fuck the Fed and their bullshit statistics.
College educations are only worthwhile if you get a job that pays back your investment of both money/interest and time.
So, a completely case by case basis. Having a degree is no guarantee for the $300k. Not having one does not doom you to not being able to earn the money anyway.
And looking back to the 70s when this country still had an engine producing wealth (manufacturing and small biz) to verify you are making the right decision today is a fool’s errand.
History isn’t, nor will it be, linear. This has always been true.
The common stock broker warning of yesterday’s results not guaranteeing future yields has never, in my lifetime, been more true.
Intelligence and education are not the sole property of Ivory Towers. One by one the truly smart are going to figure this out.
NYFed “reporting” notwithstanding.
Oh Billy, please step away from the crackpipe for five minutes.
“If you wait until you can afford to have kids, then you’ll never have kids….”
So sayeth the Free Shit Army, yet you’re so pissed when THEY have kids. Or is that just when they are black?
“Only narcissistic, selfish, conceited shitbags don’t have kids…”
Then you go on to say that the reason to have kids is to continue your bloodline. How is that not a selfish reason? Do you think any other human on the planet gives a shit about your bloodline?
Think. THEN post. The cognitive dissonance you display is headache-inducing.
PJ @ 5:53pm.
LOL!
Stucky, I liked your jokes.
But this?
“If the world followed your advice, the human race would become extinct in one generation.”
If the world followed MY advice for just five years, the human population would drop by about a billion through attrition, giving the next generation a much better chance than it has now.
Please go read RE’s latest submission. Do you really think the greatest threat to humanity – if not its outright survival, at least its standard of living – comes from there not being ENOUGH people?
Staffing ain’t our problem here.
Olga, +10 on you for your wisdom.
PJ sad:
“Staffing ain’t our problem here.”
+infinity!
Just because you are physically equipped to have kids does not mean you should although the FSA does not believe this. It seems to me that human life has become too cheap. Any idiot can squirt out his own private army but if he is not willing, able or inclined to spend 18 years RAISING the little ingrates then he/she should most definitely NOT have kids.
Lord a’ Mercy I’m in love with two contributors! PJ and TE Have gotten their acts together (not necessarily with the husbands but inside their heads!) Chicago and Gayle are close behind (and in some areas – at least equal).
As far as I’m concerned, the biological urge coupled with “true love” leaves even the intelligent human race doomed to multiply unto death (we’ve already multiplied beyond sustainability). The only problem is that the stupidest and most fertile countries (say Nigeria) are running over 7.3 (seven point three) children per fertile woman – a couple of the litter may die die before reaching puberty – but they can still run up seven for the next generation.
Insanity.
Now let’s turn Ebola loose in the middle of multiple barricaded slums of 50,000 people or so (each) and “Earth we have a problem!”.
The Fourth Turning is still grinding along.
MA
The cleaning lady, a young girl, said she has 2 kids. I started to tell her I hardly see my own 2. I went on for a while then added, don’t have kids. She said, I have 2, remember? I said yeah, but Phil, when he was my age now used to tell me, don’t get old, Juan.