Advertisement

The Jeff and Ed Show

Blog > The Jeff and Ed Show > The cost of raising a child is now $245,000 - and that doesn't include college tuition

The cost of raising a child is now $245,000 - and that doesn't include college tuition

Middle-income Americans are spending about $245,000 raising a child until adulthood, with families living in the Northeast taking on a greater burden, a new study has found.

Those costs — food, housing, childcare and education — rose 1.8 percent over the previous year, according to the latest Agriculture Department's Expenditures on Children and Families report.

As in the past, families in the urban Northeast will spend more than families in the urban South and rural parts of the US, or roughly $282,480.

When adjusting for projected inflation, the report found that a child born last year could cost a middle-income family an average of about $304,480.

Read more:

A day after losing the Senate race in Alabama to Democrat Doug Jones, Republican candidate Roy Moore has issued a...
In a failed smear-job against Senate Minority Leader Chuck Schumer, instigators doctored fraudulent sexual...
Photo credit: Getty Images Via Mediaite - If there’s one thing you can count on Alabama Senate candidate Roy Moore...
Birmingham (United States) (AFP) - The US Senate race wrenching Alabama and testing the Republican Party's...
Most of the national coverage of Roy Moore's effort to upset the establishment in his bid for Senate in Alabama...