View Question
Q: Average Annual Expenditures on Parenting Products and Services ( No Answer,   1 Comment )
 Question
 Subject: Average Annual Expenditures on Parenting Products and Services Category: Family and Home Asked by: brandingmama-ga List Price: \$20.00 Posted: 19 Dec 2005 14:22 PST Expires: 20 Dec 2005 19:48 PST Question ID: 607640
 ```I need to know the average \$\$ amount that a family (household, either single parent or two parent or any configuration of family with children under 18 years old) spend on parenting services (advice, counseling) and products (safety locks, diaper pails, etc) relating to their children.``` Clarification of Question by brandingmama-ga on 20 Dec 2005 14:39 PST ```Thanks spanky- I am specifically looking for an obscure number relating to services the parent purchases for parenting outside of food, toys, home, health of the child. These would include: Advice, counseling, parenting books, classes/parent education classes, lactation consultants etc. I may be able to make an assumption from what you offered though.```
 ```Here's an interesting calculator that can work the cost of raising a child. Its not a string of facts specifically like you asked but it can give a rough idea: http://www.bankrate.com/brm/calc/raiseChild.asp According to research done by Liverpool Victoria Friendly Society the cost to parents to feed, clothe and school a child from birth until their 21st birthday is £130398. Working back from that figure, it gives a value of £6209 a year which equates to just under \$11,000 USD. The bank rate calculator link I gave above gives a value of approximately \$10500 USD per year which is within 5% error of the Liverpool Victoria generated value above. In 2004 the US Department of Agriculture estimated that a family that makes \$70200 a year or more will spend approximately \$269520 to raise a child from birth through to the age of 17. This equates to \$15854 per year. Higher income families in the urban West spend the most at \$284,460 or \$16732. Lower income families earning \$41700 to \$70,200 spend \$184320 or \$10842 per annum. Families earing less will spend \$134370 or \$7904 pa. Source: http://moneycentral.msn.com/content/CollegeandFamily/Raisekids/P37245.asp Also, I quote from the site: =============================================== That breaks down to nearly \$15,000 a year from birth to age 2 for families in the \$65,800 -plus income bracket. As your child ages, he or she gets even more expensive, topping out at \$15,810 from ages 15 to 17. This is no back-of-the-envelope guesstimate. The survey involves visits to, and interviews with, about 5,000 households, four times a year. Nor is there much in the way of cost-effectiveness for larger families. With an older child of 16, the USDA study says, a family with a second child under 2 lays out \$20,740 for the both of them each year, with the numbers growing progressively as the children get older. With three children -- the two older ones being 16 and 13 -- a third child aged 2 years or less rings up an annual bill of \$24,160. =============================================== Summary annual costs from various sources: =============================================== Source \$ per year* =============================================== Liverpool Victoria 10936.26 Bank Rate Calculator 10584.88 US Dep of Ag High Income 16732.94 US Dep of Ag Mid(H) Income 15854.12 US Dep of Ag Mid(L) Income 10842.35 US Dep of Ag Low Incoe 7904.12 =============================================== * These are averages over years. Bear in mind that the latter years would actually cost more than this and the first years less. For the more detailed results by the US Department of Agriculture's findings see the PDF report file linked below. Interesting links: http://www.babycenter.com/costofchild/ - Baby Center Cost of Raising a Child http://www.csgnetwork.com/childcostcalc.html - CSG Network Child Cost Calculator http://www.cnpp.usda.gov/Crc/crc2004.pdf - Expenditures on Children by Families, 2004 report. http://www.cnpp.usda.gov/using2.html - Expenditures on Children by Families list of annual reports (1995-2004). I hope this helps you with your question! :-) Spanky```