Seniors- Baby Economics Recap

Regardless of your chosen budget in class, I think we can all agree on one thing... babies are expensive. Many of the expenditures you researched only cover the first month of the baby's life.  Multiply that number by eighteen years, and it has been studied that the average cost of raising a child is around $225,000.  This number is a big increase from a decade ago when the average cost of raising one child was approximately $165,000.

Read the CNN article, "The Rising Cost of Raising a Child" to cite specific reasons for why the cost of raising a child has risen in the past ten years.  Summarize your supporting points in a well-developed paragraph. (8-10 sentences)

In a separate paragraph, provide your own insights about how a baby not only influences the lifestyle of the new parents, but also the couple's financial planning and their relationship in general. You must also refer to the end of chapter 5 (pgs 129-130) to get ideas about how a baby can alter a marriage in either a positive or negative manner. ( 8-10 sentences)

Due: Thursday, November 10th
Print out word document and bring to class on Thursday
Value: 8 points