Come here often? Make XFINITY.com your homepage » close

close

Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

24/7 WallSt: The Fifty-Year Soaring Cost To Raise A Child

The Fifty-Year Soaring Cost To Raise A Child

It cost $25,299 to raise a child from birth to age 18 in 1960. The amount rose to $226,920 last year. This may be one of the reasons many reasons Americans are having fewer children these days.

Adjusted for inflation, the 1960 sum equals about $192,497 compared to $235,996 in 2010, about a 22 percent increase. Neither number paints a complete picture. Median household income rose 25 percent between 1960 and 2010. The cost of raising a child is, in comparison to income over the 50-year period, up very modestly.

Because the data was not done on a national basis until 2010, we were advised by the United States Department of Agriculture, which has issued the report since 1960, to use the North Central/Midwest region as a proxy for the national average.
(AP Photo/Mark Humphrey)

More From 24/7 Wall St:
Ten Brands That Will Disappear in 2012
The Ten States That Restrict Personal Freedom And Those That Protect It
Ten Signs the Double Dip Recession Has Begun



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback

Loading...