What Does It Cost to Raise a Child in America?
Child Care Aware of America, The U.S. and the High Cost of Child Care: A Review of Prices and Proposed Solutions for a Broken System, 2018. Department of Health and Human Services, Child Care and Development Fund (CCDF) Program ; Proposed Rule, 80 fed. reg. 80466-80582 (december 24, 2015).
Average Cost of Raising a Child in America The most recent available information says that the average cost of raising a child from birth to age 17 is $233,610 in a married two-parent middle.
The U.S. Department of Agriculture released its annual "Cost of Raising a Child" report this week, and the total is pretty steep. Economists working at the USDA’s Center for Nutrition Policy and Promotion estimated that families who had a child in 2015 will spend $233,610 (in 2015 dollars) from the child’s birth to age 17.
The decision to have a baby is a big one, and one of the least understood aspects of child-rearing is "how much will it cost?" While some of the underlying costs of raising a child remain constant, a wide range of factors influence what you’ll actually pay for prenatal care, delivery, and raising a child to age one.
Figuring out how much Americans spend on their children – the diapers and baby food, the sports teams and braces, not to mention housing and education – is a daunting task. The U.S. Department.
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Compare that to the US Department of Agriculture’s estimate of how much a middle class family will spend to raise a child in America and that number is $243,273! You might also like: How to financially plan for your child’s future? Let’s break down the costs
But more than 4,500 people have responded to Goodrich’s call, which also received an endorsement from the New york-based jazz foundation of America and JazzTimes. Burrell, who does not have any.
Based on UNICEF statistics, in developing countries the cost is roughly US$900 for raising a child for a year, and US$16,200 for raising a child from birth to age 17. (This calculation is difficult, since families in developing countries often do not operate with currency, but barter or trade to provide for their children.)