Summer Break to Cost Parents $600 Per Kid

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Summer camp kidsBy BLAKE ELLIS

NEW YORK (CNNMoney) -- Families are paying a pretty penny to keep their children busy this summer.

The average American family expects to dole out an average of $601 per child this summer, according to data released Wednesday by American Express (AXP), based on a random sample of 2,008 adults.

And affluent families, with annual household incomes of more than $100,000, are dishing out double that amount -- at an average of $1,116 per kid.

"Between sleep-away camps, swim clubs, and sports that ramp up between June and September, summer expenses can add up," Claire Bennett, executive vice president of Loyalty & Membership Benefits at American Express, said in a statement.

About 28 million families with children under 18 plan to spend hundreds of dollars on their kids this summer -- adding up to more than $16.6 billion. About 29% of Americans expect to spend more money than they did last summer, while 47% expect to spend the same amount.

The majority of families, or 63%, said they will take their children on day trips -- to theme parks like Disney World or Six Flags, for example -- and these excursions are expected to ring in at an average of $208 per child.

Another 34% of families are enrolling their children in sports, costing an average $180 per child, while 26% are signing their kids up for educational activities costing $139 for each kid.




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ilm9p

It costs hard-working middle class families $600.00 per child. It costs the average "single mother" welfare scum exactly $0.00 because just like everything else, they get it all for free.

June 27 2012 at 2:58 PM Report abuse rate up rate down Reply