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Tuesday, January 08, 2008
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.
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