Every year Americans take time to honor mothers with nice meals, cards, and phones calls home. While they are honoring their mothers, few people realize how much they really owe their moms. Though not all the figures are exact, the total is surprisingly large, especially for the millennial generation. The average cost of housing for 18 years is roughly $45,000. Food for the same period adds another $43,000 to the total. Then add the cost of labor for all the things moms do, wages lost because mother’s often sacrifice careers for their children, and then add on loans and other varied expenses. When the total cost is calculated, Time Magazine estimates most children would easily owe their mothers close to 1.68 million dollars, assuming no interest was included. The writers did say that if mothers agreed not to include the cost of labor, the total bill would only be around $123,000. –Jim L. Wilson and Jim Sandell.
Here’s a Bill for What You Owe Your Mom by Ethan Wolff-Man, http://time.com/money/4316472/heres-a-bill-for-what-you-owe-your-mom/?xid=time_socialflow_twitter, Accessed May 4, 2016.
Proverbs 23:25 (HCSB) “Let your father and mother have joy, and let her who gave birth to you rejoice.”