DeSERANNO News

Vol. 1 , Issue 8January 2010

MONTHLY REMINDER

The Cost of Kids

If you are a parent, this is not going to be news to you, but kids are expensive. Recent data from the U.S. Department of Agriculture takes a look at the high cost of parenting.



Even low-income families, making less than $45,800 a year, can expect to spend about $148,320 to raise a child to age 17. Middle income families, making between $45,800 and $77,100, will spend an average of $204,060.



And families with an annual income higher than $77,100 will shell out an average of $298,680 by the time Junior is 17. Which, of course, does not include the cost of sending him to college.



(The Agriculture Department figures are for married-couple families, and are based on current costs, assuming no inflation.)