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Economists are deeply puzzled by our desire to have children.-(Answered)

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Economists are deeply puzzled by our desire to have children. First, kids are really expensive - the biggest financial decision most couples will make. Forget the cost of buying the family home; the kids you choose to populate it with will end up costing just as much, or more, over a lifetime. A survey released last week by AMP and the National Centre for Social and Economic Modelling found the typical Australian family spent $812,000 raising two kids. This is an increase of nearly 50 per cent in just six years. ?Economists like to assume we are rational individuals who make decisions based on anticipated costs and benefits.?-The Sunday Mail (Qld) May 26 2013

 

Paper#9256989 | Written in 27-Jul-2016

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