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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

Storable Food

About Anthony Gucciardi:
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Anthony is a natural health and human empowerment writer, speaker, and entrepreneur whose writings have appeared in #1 USA Today and Wall Street Journal Best-Selling books and top 100 websites. After overcoming Lyme Disease and nerve-related facial paralysis, Anthony's work now reaches several million readers per month through his highly prolific group of social media pages and websites. Focused on self-development techniques and living a healthy lifestyle, Anthony currently sits on the Advisory Board to Natural Society in addition to managing and directing several other companies dedicated to enhancing social good. Anthony's work routinely appears on both alternative and established websites and television programs alike, including Drudge Report, Thom Hartmann, Simple Reminders, RT, Infowars, Michael Savage, Gaiam TV, and many others.