Families Projected to Spend an Average of $233,610 Raising a Child Born in 2015
9 Jan 2017
WASHINGTON, Jan. 9, 2017 – Today, the U.S. Department of Agriculture (USDA) released the 2015 Expenditures on Children by Families report, also known as “The Cost of Raising a Child.” The report, developed by economists at USDA’s Center for Nutrition Policy and Promotion (CNPP), estimates that for a child born in 2015, a middle-income* married-couple family will spend between $12,350 and $13,900 annually (in 2015 dollars) – or $233,610 from birth through age 17 – on child-rearing expenses.
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