alt Hacker NewsActually raising a child costs more than $1.2M - just $20K/year invested in S&P500 over the last 20 years would have grown to more than $1.2M. Or those $20K/year could be spend on the child. And $20K/year is pretty low.
Actually raising a child costs more than $1.2M - just $20K/year invested in S&P500 over the last 20 years would have grown to more than $1.2M. Or those $20K/year could be spend on the child. And $20K/year is pretty low.
I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years.
I’m a parent and yeah it’s expensive but not multiple mortgages expensive unless you’re choosing certain expenses like very costly private schools. I also don’t compare parenthood with investing in the S&P 500 as they are radically different undertakings, but that’s a different discussion entirely.