What it costs to raise a child

    Aug. 5, 2009

    It costs $291,570 to raise a child by the time he or she finishes high school, according to a USDA estimate. It’s no wonder everyone is worried about saving for their college education.

    The breakdown is as follows: 32 percent for housing; 16 percent for food (unless you have a ravenous teenage boy); 16 percent for childcare and education and 14 percent for transportation, reports ABC Nightly News.

    It costs $291,570 to raise a child by the time he or she finishes high school, according to a USDA estimate. It’s no wonder everyone is worried about saving for their college education.

    The breakdown is as follows: 32 percent for housing; 16 percent for food (unless you have a ravenous teenage boy); 16 percent for childcare and education and 14 percent for transportation, reports ABC Nightly News.

    One smile, however, is priceless.

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