Pricetag to raise a child — $291,570, says U.S.

June 1, 2010 • Daily Email Recap

Thanks to Milton Saier for this Reuters article.
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A middle-income family can expect to spend $291,570 including inflation to raise a child born in 2008 to adulthood, the government estimated on Tuesday, up slightly from the estimate made a year ago.

The estimate covers food, shelter and other necessities for a child to age 18, said the annual report by the Agriculture Department. The figure does not include the cost of childbirth or college.

Housing accounts for one-third of expenditures on children. Food accounts for 16 percent, the same as child care and education, said the Expenditures on Children by Families report.

For full article, visit:
http://www.reuters.com/article/newsOne/idUSTRE57367220090804


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