Kids are Expensive!!

The annual report "Expenditures on Children by Families" was just recently released. A middle-income family, with a child born in 2009, can expect to spend about $222,360 for food, shelter, and other necessities to raise that child over the next 17 years.

Housing costs are the single largest expenditure, averaging $70,020 or 31 percent of the total cost over 17 years. Child care/education and food were the next two largest expenses, accounting for 17 and 16 percent of the total expenditure. Amazingly, the estimates do not include the costs associated with pregnancy or the cost of a college education.

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