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Opinion
Megan McArdle

We Are Spending Way Too Much to Raise Our Kids

The USDA has released its annual report on the cost of raising children, and the upshot is what you probably already know: It’s expensive.
And counting, and counting ...
And counting, and counting ...

The U.S. Department of Agriculture has released its annual report on the cost of raising children, and the upshot is what you probably already know: It’s expensive.

This does not -- as every article on the report has emphasized -- include the cost of college, just the cost of raising them from birth through age 17. What struck me, however, was not the cost, but what parents are spending their money on: