So, the USDA has released their annual estimate of the horrendous cost of raising children today. and based on $235,000 per kid I guess I am a multimillionaire…
Well… I am guessing actually our cost is closer to the low end. And even though I now am footing the bill for 7 cellphones, 6 drivers of 3 cars and 3 kids in college this fall, I want to share the nobler side of all this.
Because, I am a true patriot – I am investing in America. And these kids will be taxpayers! So, do the math:
Eight wonderful awesome kids: – 8
At least 40 years of employment: 8 x 40 = 320
times the median income for American households in 2011 – 63,000
of which about a third goes to property, income and sales taxes = 21,000
So, the McGuire stimulus package comes to about $6.7 million, and that is before you adjust for inflation… and the cost of caring for me when I am drooling.,.)
Makes me feel real important. That is a return on investment of about 30% for big families. And, by extension, if you raise only two kids, your potential investment is more of a zero sum game. Hmmmmm.
(And, yes, I know, you math people are going to tell me how my calculations are wrong…but if anything, I have underestimated the potential for some seriously good investments!)