A middle-income family may spend $234,900 to raise a child born in 2011 to the age of 18, a 3.5 percent increase in a year, according to a government report.
Expenses for child care and education, transportation and food represented the biggest jumps, the U.S. Department of Agriculture said today in a report. Adjusted for anticipated inflation, a child in a middle-class family would cost $295,560 to raise, the department said. The typical two-parent middle-income family spent $12,290 to $14,320 in 2011 on each child, the study found. Households that make less spend less, USDA researchers said. A family earning less than $59,410 a year will probably spend $169,080 in 2011 dollars to rear a child, while parents earning more than $102,870 may pay $389,670, according to the study.
Child Born in 2011 May Cost $234,900 to Raise, USDA Says - Bloomberg
These studies/reports aren't always the greatest in accuracy & methods but the cost of raising a family in the future is getting burdensome for many. Good luck to everyone in that struggle