Could a creeping focus on profits and less on the middle class (and middle-class parents!) in America be a reason no one noticed it got more expensive (for EVERY level of income person, BTW) in America to do the very basic life-thing of raising a child?
FACT CHECK TIME! The $45,000 increase in the overall cost of raising a child from 1960 to 2012 is based on the U.S. average for children in middle-income, husband-wife families.
You might be looking at the orange pieces of the pie while thinking, "Well, Lori, college got more expensive!" But check this out — this chart covers only K-12 education costs — the increasing cost of college does not even factor in.
Also, just because sometimes you don’t know really great words that could help you describe your world — get involved with the word PLUTONOMY. A plutonomy is a system where the wealthiest class of society controls economic growth and wealth. I didn’t know it before I read this report either, and now I think about it a lot. Thanks to Investopedia for the definition of plutonomy that I liked the best.
I found these charts on a wonderful and dense document called "Beyond the Low Wage Social Contract" from the New America Foundation by Joshua Freedman and Michael Lind. This cartoon does a good job of explaining what a social contract is — and so does Wikipedia!
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