Having kids is expensive, as if parents needed to be told that. But the
US government issued a report today quantifying just how expensive: For a
child born now, it will cost an average of $234,900 to raise them, and
that's just to age 18.
The total cost is up 3.5 percent from a year ago, according to the US Department of Agriculture report. Child care and education, transportation and food had the biggest cost jumps.
Costs vary by family income. A typical family earning less than $59,410 a
year will spend $169,080 in 2011 dollars to rear a child, but parents
who make over $102,870 will pay $389,670, according to the study.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Are these figures for working parents or those on welfare? I know some parents that are on welfare and they were on welfare as children, because, their parents were on welfare. It is a way of life for some people because they know how to use the system.
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