HUEC 1000 Lecture : Family Notes
Document Summary
Results of this yearly study should be used for: developing state child support guidelines, foster care payments, family educational programs. Overall estimates to raise children vary by: household income, age of child, region of residence. 2010 household income level: husband/wife family: low income- ,640 or less, ,290-,230 expenditures on child, middle income- , 640- 105, 000, ,710-,700 expenditures on child, high income- ,000 or more, ,000-,180 expenditures on child. 7 categories of spending: largest category is housing (30%, childcare and education (18%, food (16%, transportation (14%, health care (8%, miscellaneous (8%, clothing (6%, some categories increase, others decrease with age of child. 1960-2012: higher-health care, childcare and education, lower- housing, food, clothing, transportation, and miscellaneous. In 1960, mothers did not work, so child care was not an expense. In 1995, childcare was the largest expenditure for middle income families with a preschooler: decrease in clothing is surprise given the popularity of designer clothing items.
