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Kid Money

Whoa, Baby! $1,000 Strollers?

 
By Kathryn Elizabeth Tuggle
FOXBusiness
     

    NEW YORK--Bringing up baby has never been so expensive. With luxury options like $1,000 strollers and $2,500 reproduction vintage prams, parents can spend a fortune on wheels alone!

    And the spending trend is likely to continue, according to Margaret Whitfield, an analyst with Sterne, Agee and Leach, who cited as proof a recent report that said the birth rate climbed 3% last year.

    “People are having children later in life, and the first child is where you spend your bucks,” Whitfield said.

    The popularity of high-end baby goods “is just a function of people having children later, when they are more established, and when they have more disposable income,” she said. “And of course we have multiple sets of grandparents because more people get divorced, so they are fighting to deliver the high ticket items to the baby.”

    Younger parents are now spending three to four times as much on apparel as did their parents.

    “J. Crew, Pottery Barn -- they are now offering children’s goods because there is such a strong market for high-end apparel and luxury accoutrement for kids,” Whitfield said.

    Bugaboo Strollers, the Amsterdam-based retailer of luxury strollers, offers products ranging in cost from $599 for a “Bee” to $899 for a “Chameleon.”

    “Parenting is an emotional category, it has a lot of emotions about wanting to offer the best for your child, and there is a price tag that goes with that,” said Kari Boiler, a spokesperson for Bugaboo. “With more women in the work force, women and men are having children at a later date, and they have comfort in making decisions, esthetically, and in the way they travel.”

    Parents planning to have more than one child shouldn’t shy away from the hefty price tag, Boiler said, as a Bugaboo is a “one time investment, that can last for two or three kids, and even be passed on to multiple families.”

    When asked whether or not it really matters what kind of stroller one uses, Boiler likened it to footwear. “If you have a bad pair of shoes, you’re miserable. We have suspension in our wheels that can take all the jarring out of a baby’s ride.”

    At Valley, Pennsylvania-based BabyandMeBoutique.com, owner Michael Wilson said it doesn't really matter what kind of stroller your baby rides in, and the luxury baby market is growing due to parents’ fears of overseas recalls.

    “It is not all about being expensive. It is more about quality, and many times the price points are higher,” Wilson said. “Parents are more concerned with safety and convenience than status,” he said, although he agreed that parents seek to be more fashionable than they did 10 or 20 years ago.

     

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