Blogging The Wall Street Journal: The Million-Dollar Kid

Blogging The Wall Street Journal: The Million-Dollar Kid

Mar 6, 2007

How expensive is it to raise a child? Obviously, it depends on a number of factors: Income level, location, credit line. So we were interested to read a WSJ article via Daddytypes that discusses just that.

Unfortunately, we think the article seems more attuned to highlighting extremes than discussing overall norms.

The article features such stories as a mother who paid $1,000 for her five year old's Little Mermaid-themed pool party (replete with an appearance from a former beauty queen dressed as Ariel), $60,000 backyard pools, and a big kid bed from Pottery Barn that costs over $2,000.

Granted, the newspaper says it's evaluating the spending styles of the nation's top third income bracket. But we still believe it's trying to make a few big ticket items out to be an overall lifestyle trend to prove their point that parents are spending outrageous amounts on child rearing.

What do you think? Are they right and we're hopelessly out of touch? Or are these extreme examples just that: extreme?

(Image credit: Mick Coulas for The Wall Street Journal)

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