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Is having a girl or boy more expensive?
When all is said and done, MoneyTips estimates that parents spend $80 per month more on girls than they do on boys. This comes out $960 more per year, or $17,280 more over the course of the 18 years that children are likely living at home.
Which age is usually the most expensive for a child?
Parents spent an average of $12,680 a year on infants, while 15- to 17-year-olds cost $13,900 a year. “Teenagers are the most expensive,” said Mark Lino, an economist at the Agriculture Department’s Center for Nutrition Policy and Promotion, and the report’s lead author.
How much more expensive is 2 kids?
For married-couple families with one child, expenses averaged 27\% more per child than expenses in a two-child family. For families with three or more children, per child expenses averaged 24\% less on each child than on a child in a two-child family. This is sometimes referred to as the “cheaper by the dozen” effect.
Are daughters more expensive?
In a survey of more than 500 parents by financial resource site MoneyTips released exclusively to MarketWatch, parents say it’s the girls that cost you more. They estimate it costs, on average, an additional $2,160 a year to raise a daughter versus a son through age 18. But other research finds that boys cost more.
Are Sons better or daughters?
All the evidence shows that boy babies are preferred over girl babies, whether or not that preference is warranted. Even after babies are born, many parents indicate that they value their sons over their daughters. This difference could show that boys matter more than girls do.
Which age is usually the least expensive for a child?
The costs of parenting will change over time, and typically increase as kids get older. Kids are the cheapest from ages 6 to 8, averaging $12,350 per year, and spending peaks at ages 15 to 17 at $13,900. Fortunately, most parent’s incomes will also increase over time, as well.