Question

A child born in 2011 will cost his or her parents________. exactly $200,000/ significantly more than $200,000/ significantly less than $200,000/ The exact amount of money will vary according to the family’s standard of living and the child’s specific needs.

Answer 1

D, The exact amount of money will vary according to the family’s standard of living and the child’s specific needs.

Answer 2

The correct answer is D.

The amount of money that a child cost his or her parents depents completely on both the standar of living of the family and the child's specific needs.

For example, if the family wishes to send their child to a private school, the cost will increase significantly, whereas if the child attends public school it will be reduced.

Also, if the child sufferes from any disease or disability, the cost would significantly grow. Specific treatments, prosthetic body parts and even complex surgeries have a very elevated price and would, thus, increase the cost of raising the child.