U.S. Child Born in 2010 May Cost $226,920 to Raise
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A middle-income family may spend $226,920 to raise a child born in 2010 to the age of 18, the U.S. Department of Agriculture said today in a report.
The estimate is up 2.1 percent from 2009, according to the study, posted today on the department’s website. Expenses for child care, education, transportation and health services represented the biggest increases in child-rearing costs, the USDA said in a statement accompanying the report.