News for hackers. Stuff that matters.

A comment on Can you raise a family on one income?.

Re:Can you raise a family on one income? by alsoicode on Wednesday December 14, 2022 @04:56PM (#33991182)
It's not easy, and there are trade offs, but we did. We have two kids out of the house. One on their own, the other will be a senior in college next year. We have a younger child in 5th grade that we home school.

We felt it was better for the kids to have one parent at home versus sending them to day care and spending a ton of money on that. It just wasn't worth what the take-home was after paying for that.

[ Parent | on HN ]
Re:Can you raise a family on one income? by MuffinFlavored on Wednesday December 14, 2022 @05:20PM (#33991462)
What would you say the lifetime cost of raising your two children conception -> college is roughly?

https://business.time.com/2009/09/18/1-1-million-cost-to-rai...

Article from 2009 says $1.1m

> When you add it all up, it’s not uncommon for a single child to cost a normal, middle-class family something like $1.1 million, from birth through the undergrad years.

[ Parent | on HN ]
Re:Can you raise a family on one income? by toomuchtodo on Wednesday December 14, 2022 @05:40PM (#33991744)
Brookings says it’s about $310k per child without including daycare or higher ed costs.

https://news.ycombinator.com/item?id=33879844

[ Parent | on HN ]
Re:Can you raise a family on one income? by culopatin on Wednesday December 14, 2022 @08:27PM (#33993760)
That’s 50k a year from birth to 22, I don’t need to explain how this doesn’t make sense
[ Parent | on HN ]