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“Average Cost to Raise a Kid: $241,080″ ???

Posted By admin On August 16, 2013 @ 4:12 am In Money Watch | Comments Disabled

Cryptogon [1]
August 16, 2013

Our annual household income is roughly what this report indicates the cost would be to raise one child for a year in the U.S. And we have two children.

Living mortgage free is like living on a different planet compared to those who have a bank’s boot on their necks.

Via: CNN [2]:

From day care to the monthly grocery bill, the cost of raising a child is climbing at a rate that many families can’t keep up with.

It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t even include the cost of college.

At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions.

The USDA’s latest estimates include expenses for housing, food, transportation, clothing, health care, education and child care, as well as miscellaneous expenses, such as toys and computers.

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URLs in this post:

[1] Cryptogon: http://www.cryptogon.com/

[2] CNN: http://money.cnn.com/2013/08/14/pf/cost-children/index.html

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