Published on: June 18, 2012by Kevin Coupe
The Associated Press writes that a new report from the Agriculture Department’s Center for Nutrition Policy and Promotion says that a middle-income family with a child born last year will spend about $235,000 "in child-related expenses from birth through age 17. That’s a 3.5 percent increase from 2010."
The story says that housing is the biggest percentage of those costs; it is most expensive to raise children in the urban Northeastern US.
The costs do not include college ... which these days can be between $30,000 and $50,000 a year, or more.
But the real message may be this. If you'e going to have children, you'd better start saving immediately. Or go into it with blissful ignorance and enthusiasm, and not worry about it too much.
- KC's View: