Your Kid's Price Tag: $221,000
It's no secret that raising children can be expensive, but how about a quarter of a million dollars expensive?
A government report released Tuesday says a middle-income family with a child born last year will spend about $221,000 raising that child through age 17.
The report by the USDA's Center for Nutrition Policy and Promotion identified housing as the largest single expense, followed by food and child care/education costs. The $221,000 in expenses rises to about $292,000 when adjusted for inflation.
USDA economist Mark Lino, who co-authored the report with Andrea Carlson, often hears people say children cost a lot when the annual findings are issued.
"I tell them children also have many benefits, so you have to keep that in mind," he said.
--
Had a pretty good day... Although, it seems the happier I am throughout the day, the more everyone around me seems to fall apart. I've been seeing this happen quite often lately. Not sure what to make of that.
No comments:
Post a Comment