A research article I found to be interesting was one written by the U.S. Department of Agriculture on the "Expenditures on Children by Families, 2010". The USDA issues an annual report calculating the cost of raising children to inform parents and policymakers about the burdens on the average family budget.
This article was interesting to me because it calculated the annual expenses a family spend on a child. Even though most families provide for their children, I don't think many realize or has ever calculated how much money it takes to provide for their children. One report findings concluded for a husband-wife households with two children earnings less than $57,000 in pre-tax income, annual expenses for a child ranged from $8,480 to $9,630, depending on the child's age; for households with income between $57,600 and $99,730, expenses ranged from $11,880 to $13,830; and for households making more than $97,730, the figure was $19,770 to $23,690.
The USDA also uses this data to shape government policies on such issues as child support and foster care. For more information about this article, go to http://journalistsresource.org/studies/society/education/expenditures-children-families-2010/
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