TIL Nearly 20% of U.S. families spend more than $12,000 a year, or $1,000 per month, on youth sports, per child, according to a TD Ameritrade survey of parents between 30 and 60 years old with $25,000 in investable assets with kids currently playing youth sports or ones that did.

Read more: https://www.usatoday.com/story/money/2017/09/05/why-families-stretch-their-budgets-high-priced-youth-sports/571945001/

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  1. This headline is a bit misleading.

    First, it only surveyed families with 25k in assets.
    Only 53% of US Families own stock, and 25k is the median, so only about 25% of US families qualify on the stocks.

    Then, they need to have a kid. Only about 40% of families have children, so our population is down to about 10%.

    Finally, the kid has to be in sports. This numer is hard to pin down, but the best I can find is that 71% of kids age 6-18 play organized sports at least 1 time per year. So generously, we can say 7.1% of families qualify for this survey.

    Only 20% of those families spend 12k per year, so we are talking about 1.42% of all US families.

  2. Can someone make sure I understand this right?

    20% of U.S. family’s spend $12000 on kids sports per child per year.

    They only surveyed people 30-60…
    With at least 25k in investments…
    With kids playing sports…

    I feel like they narrowed down their sample group until they got a good headline.

  3. Yeah there’s a cottage industry built around bullshitting parents into believing their children are going to get college scholarships and/or go pro, they just need to play all of these travel volleyball teams, AAU super summer league, Nike pro camp, etc. etc. etc.

    The way that you combat this is that you diversify your child’s life experience. You would think that it would be more expensive to do more but it gets expensive when your kid joins the travel team and the club team and then the season actually begins. My eight year old daughter does gymnastics 4 months a year, band/ dance 4 months a year, and volleyball four months a year. She plays her instrument and dances at home in the “off season” and plays w friends and outside when she’s not doing something organized. We spend < $200/ month on everything including gas.

  4. Worth it.

    I am convinced that youth sports is one of the best ways to prepare for business. They learn teamwork, how to accept coaching, and how to recover from a loss. People that never played sports (or found other avenues to such training) are at a significant disadvantage in the workplace.

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