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Wednesday, January 11, 2017

$233,610

An excerpt from the Washington Post -

It’s more expensive than ever to raise a child in the U.S.
By Abha Bhattarai

It’s more expensive than ever to raise a child in the United States, where families will shell out an average of $233,610 from birth through age 17 — or about $13,000 a year — according to new figures from the government.

The ballooning price tag, a 3 percent increase from a year earlier, comes at a time when day-care costs can exceed university tuitions and homes prices have skyrocketed to record highs. Families in urban areas in the Northeast, such as New York and Boston, were likely to pay even more — an average of $253,770, or roughly $14,000 a year — because of higher housing and child-care costs, according to a report by the Department of Agriculture.

https://www.washingtonpost.com/news/business/wp/2017/01/10/its-more-expensive-than-ever-to-raise-a-child-in-the-u-s/?utm_term=.3d261c422eca&wpisrc=nl_rainbow&wpmm=1

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