It will cost 241,080 to raise a child born in 2012, $301,970 adjusted for inflation.
On average, a middle-income family will spend $241,080 for 18 years to raise a child born in 2012, a 2.6 percent increase from a year ago that outpaces the broader inflation rate, according to a government report.
Continue reading… “Cost of raising a child born in 2012: $241,080”
Costs have risen dramatically for raising children.
According to the US Dept of Agriculture, the cost of raising a child in a middle-income family has increased by 40 percent over the past ten years. Every major category of child-rearing expense has seen steep increase: day-care, education, food, gas, medical insurance, and so on. At this rate, childrearing may become a luxury item for America’s increasingly wealthy super-rich…
Continue reading… “Cost of raising middle-income child in USA increases by 40% in ten years”
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