babyfood2 210x131 Total Cost to Raise a Child Hits $226,920

Following the current trend of economic turmoil and a dramatically increased cost of living, UDSA’s annual report has found that the average cost of raising a children from infancy to graduation has gone up to $226,920. The Expenditures on Children by Families report included factors such as food, shelter, day care, education and “other necessities” to approximate the total. The total has increased by 2 percent from last year.

The average is based on family income between $57,600 and $99,730 per year. For families earning less, the total cost to raise a child comes down to around $163,440. In contrast, families earning more average around a staggering $377,040. The price does decline with each additional child, however. Stated in the report, “families with three or more children spend 22 percent less per child than families with two children.” This is due to sharing expenses, such as rooms and clothing.

In 1960 the cost per child was only $25,230, with shelter being the highest expense.

Additional Sources:

Expenditures on Children by Families Report

About Anthony Gucciardi:
1.thumbnail Total Cost to Raise a Child Hits $226,920 Google Plus Profile Anthony is the Founding Director of NaturalSociety, whose writings on the subject of health and wellness have reached tens of millions of readers worldwide. A proponent of an organic lifestyle, the growth of alternative news, and a dedication to aiding various non-profit organizations, NaturalSociety was Anthony's next step in what he calls "highlighting what you won't be hearing about on the major news networks." Anthony has appeared on both grassroots and established platforms alike, including routine appearances on Drudge Report, Daily Mail, RT, The Blaze, Infowars, Michael Savage's Savage Nation, Coast to Coast AM, and many others.