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Released: June 20, 2010
Raising a child costs 22% more now than in 1960
Source: Kristin Samuelson and Becky Yerak, Los Angeles Times (Free Registration)
The grand total for middle-income parents raising one child from birth to age 17 is $222,360, which doesn’t include college tuition, according to a recent report from the U.S. Department of Agriculture.
That’s 22% higher than the 1960 cost — adjusted for inflation — of $182,857.
Read Full Article: Raising a child costs 22% more now than in 1960
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