US Agriculture Dept. Says Baby Born in 2011 Will Cost $235K to Raise

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CNN Wire Report

The cost of raising an American child has reached an all-time high, according to the newest annual Agriculture Department report.

Middle-income parents raising a child born in 2011 can expect to spend nearly $235,000 over the next 17 years.

That’s 3.5 percent higher than in 2010.

And including projected inflation, the USDA says the real number could be more than $295,000. 

Among other things, the lofty price tag includes housing, child care, education and food.
But it doesn’t include post-high school education.

The USDA has issued this report each year since 1960 to help courts and state governments determine child support and foster care payments.

In 1960, the estimated cost was only $12,000 to $14,000 per child.

Around the Buckeye State

More Ohio News
FOX 8 Cleveland Weather // Quick Links:

Hot on FOX 8

More Viral