Richard Elliott

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Richard Elliott

Richard Elliott

@RElliottDelta

designer-builder. @delta_d_b most days

MS Delta Katılım Ekim 2013
616 Takip Edilen136 Takipçiler
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Real Country Music
Real Country Music@real_kuntry·
Rest in peace to one of the most important people in the history of country music, the outlaw, David Allan Coe.
Real Country Music tweet media
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Richard Elliott
Richard Elliott@RElliottDelta·
Diapers, formula, childcare; all really adds up fast
StockMarket.News@_Investinq

This is CRAZY! It now costs more than 300,000 dollars to raise a child in the United States and that number has gone up 27.8 percent since 2023 alone. According to a new LendingTree analysis based on 2024 data, the total cost of raising a child from birth to age 18 has reached 303,418 dollars, the first time in history the figure has crossed 300,000 dollars. That is 16,857 dollars per year, every year, for eighteen straight years, before a single dollar goes toward college. But the national average is almost meaningless, because where you live determines whether that number doubles or gets cut in half. Hawaii is the most expensive state in the country, costing parents an average of 40,342 dollars per year just for the first five years of a child's life and a projected 412,661 dollars over the full 18-year span. Maryland and Massachusetts follow at 36,419 and 34,247 dollars per year respectively. On the other end of the map, Mississippi comes in at 17,148 dollars per year less than half the cost of Hawaii, for the same child, the same 18 years. The gap between raising a child in Massachusetts versus Mississippi over 18 years is more than 439,000 dollars. The biggest driver of that gap is not food or housing. It is childcare, which costs over 24,000 dollars per year in Hawaii and over 26,000 dollars per year in Massachusetts nearly the cost of in-state tuition at many public universities, paid annually, starting at birth. The cost of raising a child has now risen faster than inflation in most states, with some states like Alaska and Kansas seeing jumps of more than 20 percent in a single year. In 14 states, costs rose by as much as 10 percent in just the past year. The United States has the lowest birth rate in its recorded history, and the country is actively debating how to reverse it.

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