USDA: child will cost over $200 K to raise
In June, the Department of Agriculture released its annual report, Expenditures on Children by Families, finding that a middle-income family with a child born in 2010 can expect to spend about $226,920 ($286,860 if projected inflation costs are factored in) for food, shelter, and other necessities to raise that child over the next 17 years.
This represents a 2 percent increase from 2009. Expenses for transportation, child care, education, and health care saw the largest percentage increases related to child rearing from 2009. There were very small changes in housing, food, clothing, and miscellaneous expenses on a child since 2009.
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