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family-economics

2 stories related to this topic, newest first.

Cost of Raising a Child to Age 18 Surpasses $303,000, Up 27.8% Since 2023Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
finance12 days agoUpdated

Cost of Raising a Child to Age 18 Surpasses $303,000, Up 27.8% Since 2023

The cost of raising a child to age 18 now exceeds $303,000, marking a 27.8% increase since 2023, according to a report cited by FOX. This figure reflects ongoing economic pressures on families. The data highlights rising expenses in areas such as housing, food, and education.

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finance.yahoo.com
CBS News
3 sources
Average Cost to Raise a Child in US Reaches $303,418 Over 18 YearsSubstrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
world22 days ago

Average Cost to Raise a Child in US Reaches $303,418 Over 18 Years

A LendingTree analysis shows the average cost of raising a child in the US has risen nearly 30% over the past three years to $303,418 after tax exemptions and credits. Annual expenses average $16,857, with infant day care as the largest component at $17,264 per year. Costs vary s…

nypost.com
2 sources