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Why Papaya Ministers Need $Million Pay Cheques

makapaaa

Alfrescian (Inf)
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<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Aug 5, 2009
</TR><!-- headline one : start --><TR>US$291,570 to raise a child <!--10 min-->
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Parents nudge their babies at the start of a July baby race in New York. Annual spending for child-rearing ranges from US$11,610 to US$13,480 for a middle-income, two-parent family. -- PHOTO: AFP
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<!-- START OF : div id="storytext"-->WASHINGTON - A MIDDLE-INCOME family can expect to spend US$291,570 (S$417,994) including inflation to raise a child born in 2008 to adulthood, the government estimated on Tuesday, up slightly from the estimate made a year ago.
The estimate covers food, shelter and other necessities for a child to age 18, said the annual report by the Agriculture Department.
The figure does not include the cost of childbirth or college.
Housing accounts for one-third of expenditures on children.
Food accounts for 16 per cent, the same as child care and education, said the Expenditures on Children by Families report.
Last year, the USDA estimated it would cost US$269,040 to raise a child born in 2007 to age 18, including inflation. The USDA has made the estimates since 1960, when the estimated cost was US$25,300.
The department said it planned to have an updated 'Cost of Raising a Child Calculator' on the Internet soon.
Annual spending for child-rearing ranges from US$11,610 to US$13,480 for a middle-income, two-parent family, the USDA said.
Families with lower incomes will spend less and families with higher incomes spend more.
Expenses are highest in cities in the US north-east, followed by urban areas of the West and Mid-west. They are lowest in rural America and cities in the South. -- REUTERS

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