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Agreed.

I'm pretty sure that kids are more expensive than pensioners to society (fully dependent, plus schooling costs, no contribution to associations and the like)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Apr 4th, 2006 at 06:32:34 PM EST
[ Parent ]
Our own kid cost us about £100 a week, all things considered. When I think that, by GDP per capita, he should be bringing in £20k a year...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Apr 4th, 2006 at 06:45:05 PM EST
[ Parent ]
but I'm focusing on the cost out of the government coffers for children.  If you know, how much is the government paying for your child, which I would guess would be mainly education and health care.

And how would that compare to the average pensioner?  and I guess his costs would be the pension itself, and then the average spent on healthcare for he/she?

My guess is that the pensioner is much more expensive, particularly because the average pensioner's use of healthcare is, I think, far higher than the average child.  At least that is what all the studies I have seen show.

by wchurchill on Tue Apr 4th, 2006 at 07:02:30 PM EST
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The pensioner has also paid taxes all his life, hasn't he?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Apr 4th, 2006 at 07:03:47 PM EST
[ Parent ]
yes, but it's a timing thing from the government's perspective.  they didn't take the pensioner's money and invest it in stocks/bonds so they had it available to pay to him when he retired.  his taxes partially went toward paying the pensions of pensioners when he was working.  his pension is coming out of current taxes.  it's a pay as you go system.
by wchurchill on Tue Apr 4th, 2006 at 07:31:46 PM EST
[ Parent ]

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