Skip Nav
Job Search
How to Stop Notifying Everyone When Updating Your LinkedIn
Budget Tips
The Lean Household: 5 Ways to Manage Your Finances Like a Successful Startup
Job Search
Follow Up After a Job Interview With This Email

Cost of Raising a Child

Raising Baby: See If You Know Where the Money Goes

Hold onto your wallets! The average cost of raising a child from birth to age 17 (not including college or life insurance) is now a whopping $222,360, a 22 percent increase from 1960 when the US government began collecting such data. And for those mamas who welcomed an addition to their family last year, the costs will increase to $286,050 for the average middle-class family and $475,680 for wealthier ones. According to the US Department of Agriculture's Expenditures on Children by Families, the price of raising a child has increased dramatically over the past 50 years and how the parents distribute their child-rearing budgets has shifted too. Take this quiz to how the money is spent.

Raising Baby: See If You Know Where the Money Goes

Which of the following is the greatest child-rearing expense accounting for 31 to 35 percent of total expenses?

Progress  
Image Source: Thinkstock
Join The Conversation
pixiedusk pixiedusk 7 years
2/5 hehe... im going to be a mum soon! Its not inspiring to see how much money i need to raise my baby but at least... i have to ready!
Crock-Pot BBQ Recipes
Should You Teach Kids to Share?
How to Figure Out If Something Is Worth Buying
Money Podcasts
From Our Partners
Latest Career & Finance
All the Latest From Ryan Reynolds