Raising a child is no easy task — or cheap. In a recent report released by the U.S. Department of Agriculture, it is estimated that for a child born in 2015, the average American family will spend $233,610 on child-rearing expenses from birth through age 17. The 2015 Expenditures on Children by Families report, also known as “The Cost of Raising a Child,” details that a middle-income, married-couple family will spend between $12,350 and $13,900 annually on a variety of expenses for their children, from housing to clothing.
'The Cost of Raising a Child'
Families projected to spend an average of $233,610 raising a child born in 2015
