The Cost of Raising Kids
$241,080. According to the latest numbers from the U.S. Department of Agriculture, that’s how much it will cost you to raise a child born in 2012 for the next seventeen years. (I’m not great at math, but I’m pretty sure that’s less than you’d have to spend to secure a covered parking spot in San Francisco over the same time period.) The cost of raising a kid increases to over three hundred grand if you adjust for inflation, but parents can enjoy significant savings if they’re willing to cut back on a few miscellaneous items such as food, shelter, and transportation. Here’s the story and a chart that breaks down the cost of raising a child.
+ When it comes to demographics in the U.S., the big story isn’t these expensive kids, but rather the aging of the population. This excellent animation really tells…
View original post 806 more words