The Agriculture Department, which publishes an annual report on what American parents spend on their children, estimated in 2011 that a middle-income couple spent $12,290 to $14,320 a year on a child, depending on the child’s age and where they lived.
OK, this is good news. Divided by two partners, this means that a child costs one of them only about $7K per year. Eminently doable. Given that there is absolutely nowhere you can invest this money to get any sort of return nowadays while a child will feed you for decades after you reach old age, this is actually a phenomenal investment.
Of course, the stupid, hysteria-mongering NYTimes sees this as “expensive”, “extreme” and “enormous”, but what do you expect from from the mainstream media?