Boys vs girls: Who's more expensive to raise?
Posted May 26, 2016
Updated May 27, 2016
Any parent can confirm that raising children is not cheap. The cost to raise a child averages $241,080 from birth to the age of 18, according to the United States Department of Agriculture. But who is more expensive to raise, boys or girls?
According to an infographic from Huffpost Business, girls are more expensive to raise by $80 per month, $960 per year and $17,280 over 18 years. The total monthly cost to raise a girl is $450 compared to $370 to raise a boy.
The reason: girls have more expensive hobbies, clothes and demand more by nature, a study of British families by Love Money reports.
Dancing, for example, can be pricey for girls. Tuition for dance classes can range anywhere from $60 to $150 per month. Then there are clothes, shoes and accessories to add to the price tag.
Most studios hold an annual recital calling for costumes that average about $75 a piece, About reports. If you're daughter is competitive, most dance competition entry fees are $40 to $50. According to Love Money, hobbies like dancing, gymnastics or horse back riding can be more expensive than the typical boy interests of football, basketball and baseball.
Fashion can be a huge focus for young girls. The average cost of clothing per month for girls can is $100 comparing to $50 for boys, according to Huffpost. Girls get over $3,000 worth of clothing over their childhood while boys can make do with $2,700. And girls love their accessories. Hats and bags can add on $2,000 more to the cost, according to Love Money.
“My nearly 15-year-old and 12-year-old daughters have an incessant desire to go shopping and purchase clothing, shoes and any other cute stuff they see," Tanya K. told LearnVest. "I can’t blame them as they work hard at school and like to look nice, but spending for them far outweighs spending for my son!”
"Girls also usually start wearing makeup as they get older, which is something that the parents of boys usually don’t have to pay for," Money Magazine reports. "Girls also often want haircuts more often, want to style their hair more and may pay for expensive beauty treatments."
And who pays for it? According to Love Money, girls manage to wheedle $150 more out of their parents than boys.
But while you are wrapped up in your daughter, a boy can also make a dent in your wallet.
A study from Cambridge University reports men are more prone to illness than women. This mean boys may rack up higher medical bills than girls.
"Statistically, boys are much more likely to be an accident or get cited for speeding, so insurance companies will assign a young male driver a higher risk rating than a girl the same age," Cars Direct reports.
While such costs are inevitable, it is imperative to make meaningful investments when it comes to your children, according to LearnVest.
"Make sure your child is truly interested in a certain activity or expense, ask her to pitch in time, effort or even money," Irene Shere, founder and director of The Early Childhood Consultation Center, told Learn Vest. "That will help her make conscious decisions about what’s important to her, and also encourage her to value the experience more in the end."
Megan McNulty is an intern for the Deseret News National Edition. Contact her at email@example.com