So how’s the summer been for your wallet? A new survey from American Express says families will spend more than $16 billion entertaining children this summer. The wealthy spend upwards of $1,116 per child.
Here’s the breakdown:
_ Day trips: $208 average cost per child vs. $341 for affluent families
_ Sports participation: $180 vs. $262
_ Educational activities: $139 vs. $204
_ Pool and club memberships: $121 vs. $246
_ Day camps: $219 vs $433
Next comes….back to school shopping…and then Christmas…Oh the Humanity!!!