How Expensive Is It to Raise a Child?

Raising a child in the US today is 23% more expensive in real dollars than
it was in 1960.

The cost to raise a child from birth to 18 years old in the US is $241,080
US Dollars (USD), based on 2013 estimates. This is an increase of more than
20% in real dollars — that is, after inflation is taken into account —
in comparison with 1960. The biggest expense for raising children is
housing, which is about 30% of the total cost. Childcare is the next
highest expense, at about 18%, followed by food costs at 16% of the total.
The cost of childcare is the fastest-growing expense and increased by 800%
from 1960 to 2013.
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