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CNN: Children cost 235,000 each to raise
Matthew
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http://money.cnn.com/2012/06/14/news/economy/cost-raising-child/index.htm?iid=HP_LN

NEW YORK (CNNMoney) -- Raising a child just got $8,000 more expensive.
Middle-income families with a child born in 2011 can expect to spend $235,000 over 17 years, according to a new report by the United States Department of Agriculture. That cost factors in food, shelter and other necessities to raise a child, and does not account for inflation.
It also marks a whopping $8,000 increase, or 3.5% rise, in just one year.
So why do babies born in 2011 cost so much more?
In that one year alone, expenses for transportation, child care, education and food surged for middle-income families. Health care, clothing and housing costs also increased, but at a more gradual pace.
In the study, the government defined middle-income families as those with $59,000 to $103,000 in annual income before taxes.

Lower income families can expect to spend less -- to the tune of about $169,000 over 17 years and higher income families can expect to spend more -- roughly $390,000.
The USDA has been estimating the cost of raising a child since 1960. The first year the report was issued, the agency estimated it cost an average of $25,000 (or roughly $192,000 adjusted for inflation) to raise a child to age 17.
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Posted Jun 14, 2012, 11:19 pm
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Tomas de Torquemada
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Is that it?

Posted Jun 14, 2012, 11:26 pm
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Matthew
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I got a nice argument started in the comments section.

Basically told them they're crazy if they think kids are that expensive -- they're only expensive if you want to be a modern wasteful American.

EDIT: It looks like they deleted my original comment. Can't have people waking up the sheeple to the foolishness of the modern world, now can we? I bet my other comments will be deleted eventually too. They ring true when you read them. I might just sway a few people -- they can't have that.

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Posted Jun 14, 2012, 11:30 pm
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