The calculations on the cost of raising a child by two parents in low income and upper income family are a clear reflection of the expected lifestyle that the two different children would have depending on their parent’s income. Two families are compared on the basis of a single child together with six universally constant basic need parameters. Parents need to meet the basic needs providing them for their children; less necessary secondary needs like leisure money come up when children become independent. Therefore, these factors among others contribute to the difference in the total amount of money needed by the two families in order to provide these needs. The expense costs for the two children are expected to differ considerably depending on the parent’s ability to provide the best basic needs for the child, which are mostly expensive. Therefore, less able parents will reduce costs of most needs, while ensuring that everything is provided for their child (Table 1).
It is often believed that a child raised in the upper income earning family will require more expenditure right from their birth up to the time they attain the age of 18 years. This is first based on the fact that parents tend to provide very comfortable home that is expensive depending on the size of the house and the place where the house is located. In most cases upper income parents will buy their homes in leafy suburbs with excellent security, sanitation, and less crowding. Often such houses are big to provide the child with comfort, additional space for leisure, and other recreational activities such as playing ground and swimming pool. Such spacious and quality home is meant to offer freedom and safety to the child. In contrast, low income earning family often strives to provide a comfortable home for their children. Such efforts will be limited by their income and savings. Therefore, low-income parents are only able to provide an average house which is much cheaper compared to that of high income parents. As a result, housing for low income families might not be spacious and usually found in congested areas with compromised services like leisure places, security, and sanitation quality. In such environment the child is compelled to share playgrounds and yards while interacting with other children from different backgrounds.
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Secondly, high income parents will prioritize the kind of food for their child and also when and where to have these meals. In other words, a child from upper income family will be served the best foods more than three times a day. For instance, a child from upper income family might not have his/her meals at school cafeterias, but eat at the best restaurants and hotels. On the other hand, a child from low income earning parents will have average meal which might be served only three times a day. In addition, lower income parents will buy food from cheaper areas, advice their child to go for cheaper school cafeteria meals, and might only go for meals from expensive food stores once in a while. Generally, the quality of health care services, education, and clothing for a child with low income earning parents is lower unlike that for a child with high income parents. Consequently, this determines the lifestyle experience that the two would have; high income earning parents will, thus, spend more on their child (Table 2).
Generally, people are shaped by the kind of environment they are raised in. Clean and safer environment are particularly necessary to enable any child feeling secure, confident, and healthy. Furthermore, such environment influences the child to peacefully coexist with nature and others, which develops the child’s character and behavior. Therefore, parents should strive to ensure that their children are secure, confident, and healthy.
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