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
Google Plus Profile
Anthony is the Editor of NaturalSociety, producer, consultant, and seeker of truth. Anthony's work has been read by millions worldwide and is routinely featured on major alternative and mainstream news website alike, like the powerful Drudge Report, NaturalNews, Infowars, and many others. Anthony has appeared, oftentimes routinely, on programs like Russia Today (RT), The Alex Jones Show, Coast to Coast AM, and others. Anthony is also a founding member of Natural Attitude and the creator of the independent political website Storyleak
|
