Kids Cost More Today… A Lot More!

CNN had the following story that will hit home for any parent. Enjoy!

$226,920. That’s how much it’ll cost you to raise a child from birth until they’re out of high school. Fresh data from the U.S. Department of Agriculture shows that figure is a whopping 40 percent higher than what it was at the start of the decade.

In 2000 — parents were paying about $165,000 over the first 18-years. That comes out to an annual average of $9200. But a steady rise over the past ten years brings it up to $12,600 a year.

Economists from the USDA say everything associated with raising kids has gotten more expensive over the past decade — like buying groceries or filling the gas tank. Plus, the struggling economy during the great recession cause a flood of layoffs, further impacting already cash-strapped families. And if all that wasn’t enough — the figures don’t include the cost of college… which can easily reach six figures at private universities.

That hurts, doesn’t it? Sorry I brought it up. My wife and I are now into the college bills for two of our three boys. Retirement is not something I’ll be enjoying for many more years.

2 Comments on “Kids Cost More Today… A Lot More!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: