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Parents of a Typical Family with Two Children Can Expect

Question 51

Multiple Choice

Parents of a typical family with two children can expect to spend between $175,000 and $370,000 to raise each child up to age 17. Much of this spending represents


A) the legal requirements that parents spend a certain amount on their children.
B) parents' desire to give children whatever it takes to succeed in a world filled with uncertainty.
C) the increasing cost of public education, medical care, product safety inspectors, and so on.
D) the decline of children working for their families and contributing financially to reduce the cost.

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