A new report from the U.S. Department of Agriculture finds the cost of raising kids from birth to age 17 has increased by $8,000 in the last two years. This brings the total to a whopping $235,000 for middle-income Americans.
In calculating the cost of raising kids, the USDA considers expenses for everything from housing and food (the two biggest expenses) to education, health care, clothing, transportation, and so on. The estimates for this year are 3.5% higher than those from last year, mainly due to increases in the costs of gas, food, education and child care.
Because the USDA focuses only on the expenses up to age 17, their estimates leave out one gigantic contributor to the cost of raising kids: college education. As every parent knows, these are considerable.
Have something to say about this article? Leave your comment via Facebook below!
About Jim Liebelt
Jim is Senior Writer, Editor and Researcher for the HomeWord Center for Youth and Family at Azusa Pacific University. Jim has over 25 years of experience as a youth and family ministry specialist, and has been on the HomeWord staff since 1998. He has served over the years as a pastor, author, youth ministry trainer, adjunct college instructor and speaker. Jim’s culture blog and parenting articles appear on HomeWord.com. Jim is a contributing author of culture and parenting articles to Crosswalk.com. Jim and his wife Jenny live in Olympia, WA.
Recently by Jim Liebelt
- One Third of Millennials Regret Going to CollegeThursday, May 23, 2013
- Teens, Social Media, and PrivacyThursday, May 23, 2013
- Teens Cooling on Facebook but Warming to TwitterWednesday, May 22, 2013
- Sleep-Deprived Teens Cause CrashesTuesday, May 21, 2013
- Most Parents Not Aware Teen Is Using "Study Drugs"Tuesday, May 21, 2013
Recently on Crosswalk Blogs
Add Crosswalk.com content to your siteBrowse available content