Raising A Child Born In 2007 Will Cost $269,040!

by MB on March 26, 2008

Interesting article from Yahoo News citing a US Department of Agriculture study:

Middle-income families can expect to spend $204,060 on feeding, housing and schooling a child born in 2007 until his or her 18th birthday, the U.S. government reported on Monday.

Housing will be the single largest cost for U.S. families — making up 33 to 27 percent of total expenses across income groups, USDA said.

The number quoted in the first paragraph is without inflation, with inflation factored in, the cost rises to $269,040.

The study does not include the cost of college.

Leave a Comment

Previous post:

Next post: