What is the current US cost to raise a child from birth through age 18?

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  1. TIMETRAVELER2 profile image98
    TIMETRAVELER2posted 3 years ago

    What is the current US cost to raise a child from birth through age 18?

  2. connorj profile image79
    connorjposted 3 years ago

    https://usercontent1.hubstatic.com/12515136_f260.jpg

    It varies significantly based on particular circumstances.

    1. TIMETRAVELER2 profile image98
      TIMETRAVELER2posted 3 years agoin reply to this

      Can't read your charts, but certainly the cost will vary.  However, Dashing Scorpio gives the most recent national figures, which I think are close to being correct.

  3. dashingscorpio profile image86
    dashingscorpioposted 3 years ago

    The average cost of raising a child born in 2013 up until age 18  "Cost of Raising A Child" report from the U.S. Department of Agriculture for a middle-income family in the U.S. is approximately $304,480. (adjusted for projected inflation) - Dated August 18, 2014.
    This assumes a child is born without any health issues or deformities requiring any "special needs".
    That should give plenty of people pause to determine whether or not they want to make that kind of sacrifice. There are also no guarantees that a child will be leaving "the nest" at age 18.  Oftentimes the "real expenses" start accumulating during the college years and beyond!
    A lot of grandparents are the primary parent as well. LOL!

  4. thranax profile image42
    thranaxposted 3 years ago

    I can say for a fact my parents didnt spent 304,000 on me even including college (currently enrolled). That projection from the US Government Department of Something with Money and Kids comes up with that estimate based on figures such as $7 usd a meal and buying new clothes every month and a pair of shoes once every 6 months and other "bloatware". I would personally say, you can raise any child who is healthy, for about $50,000 to age 18. Thats saying you live smart, make cheap but healthy meals, buy clothing that lasts, and dont make bad choices on spending the money. A big waste of money is toys between ages 7 to 13. Little kids need handheld toys to learn, 7-13 year olds just need sports equipment and a tablet pc. I won't go into more detail since people know well enough, but ill say I had the same 2 pairs of shoes for the last 5 years, one beat up working pair I wear daily and 1 clean classy pair I wear out to eat and to events.

    ~thranax~

    1. TIMETRAVELER2 profile image98
      TIMETRAVELER2posted 3 years agoin reply to this

      I think your numbers are way off.  Have you checked the price of diapers and baby food lately?  Medical care?  It may not be 304,000 dollars, but it's much more than $50,000.

    2. Venkatachari M profile image33
      Venkatachari Mposted 3 years agoin reply to this

      Good answer Andrew. People should not spend on unnecessary items for the sole purpose of their convenience. If you spend on diapers to throw them away daily it is irrational. Be economic and spend smartly.

 
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