The Cost of Raising a Child Updated

Every year Mark Lino updates Expenditures on Children by Families. The USDA has just published the figures for 2008.

USDA RELEASES ANNUAL STUDY WHICH NOTES THAT CHILD BORN IN 2008 WILL COST $221,190 TO RAISE

WASHINGTON, Aug. 4, 2009 – The U.S. Department of Agriculture today released a new report, Expenditures on Children by Families, finding that a middle-income family with a child born in 2008 can expect to spend about $221,190 ($291,570 when adjusted for inflation) for food, shelter, and other necessities to raise that child over the next seventeen years.

Issued by USDA each year since 1960, the report is a valuable resource to courts and state governments in determining child support guidelines and foster care payments. For the year 2008, annual child-rearing expenses for a middle-income, two-parent family ranges from $11,610 to $13,480, depending on the age of the child.

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