Question

Carefully study the charts showing how much it cost to raise a child in 1960 and in 2015. What conclusions can you draw from this data?

Answer 1

From 1960 onwards, the average cost of having a child until 18 years was 202,020 dollars (2015 dollars). In 2015 , the total amount spent on children up to 18 years was $233,610. Over the years, child care and education have increased from 2 % of the total cost to 16 % of the total cost. In addition , food costs decreased from 24 percent to 18 percent, and housing costs also decreased. Health care increased from 4% to 9%. In total, you spend more money on child care in 2015.

Step-by-step explanation:

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Answer 2

In 1960 you spend 202 dollars, In 2015 you spend 233 dollars.

Step-by-step explanation:

Why is that? If you look closely you can see, that education and health care is more expensive in 2015 than in 1960. But, food, clothes, miscellaneous, housing cost more in 1960. Why is that? Because, in 1960 there wasn't a lot of clothes, food, houses, vehicles, medicine, not a really good education. But in 2015 a lot of things has changed, we got way more food, clothes, vehicle, houses. We have better medicine. That's the answer.