Yahoo Finance Staggering cost Aussies pay every time their friends have a kid
HBO’s classic series Sex and the City is known for fashion, flirting and female friendships.
But, in one famous episode, it also touched on finances – namely, the costs associated with celebrating close friend’s children.
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In Season 6’s A Woman’s Right to Shoes, Carrie Bradshaw’s shoes are stolen at a friend’s party, and her friend refuses to pay for the expensive shoes and Carrie’s “extravagant lifestyle”.
But Carrie quickly counters with the US$23,000 she had spent on her friend’s weddings, baby showers and friend’s children’s presents.
Today, new research from thortful.com has confirmed Carrie’s argument: when your friends have kids, the costs quickly add up – not just for the parents, but for you too.
In fact, the Thortful research found that the baby of a close friend will cost $2,213 over the course of the child’s first 10 years.
The research tallied up the costs of 1st Christmas and birthday presents, in addition to pre-birth gifts, gifts for when the child is born, Christenings, baby showers, Easter presents and gender reveal presents, finding that close friends of the parents of babies can expect to pay $512 in the first year of the child’s life.
But, that’s still nothing compared to the price parents pay to have children. Over a child’s life, parents will pay an average $300,000, according to Finder, although families on high incomes will likely pay even more.
Source: National Centre For Social And Economic Modelling (NATSEM)1
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