Expensive babies, Profitable clunkers

Good day for adopting an 18 year old, Bad day for old-car lovers

Good day for: Adopting an 18 year old, as a middle-income family with a child born last year will spend about $221,000 raising that child through age 17, according to report by the USDA's Center for Nutrition Policy and Promotion. The tab rises to $291,000 when accounting for inflation. (The Huffington Post)

Bad day for: Old-car lovers, as junkyards and scrap-metal recyclers are expecting a boom from the "Cash for Clunkers" stimulus program, which offers rebates to people who trade in old gas guzzlers and buy more fuel-efficient new vehicles. "It's going to be a bonanza," said Nathan Adlen, co-owner of Aadlen Bros. Auto Wrecking in Sun Valley, one of the largest auto dismantlers in Southern California. (Los Angeles Times)

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up