It costs $233,610 to raise a child

Income inequality: Hunger down the block from wealth

Income inequality: Hunger down the block from wealth

If you’re thinking of starting a family, you might be in for some sticker shock: Raising a child could cost you nearly a quarter of a million dollars.

A middle-income, married couple with two children is estimated to spend $ 233,610 to raise a child born in 2015, according to a report released by the Department of Agriculture Monday. And that number only covers costs from birth through age 17 — so it doesn’t include college expenses.

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Personal finance news – CNNMoney.com

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