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See how much it costs to raise your child
KFDM News - Raising children is a labor of love that grows more expensive every year.
According to the USDA, parents spend 23 percent more on raising children than their parents did 50 years ago.
Middle-class parents of a baby born in 20-12 will spend about $241,000 raising their child from birth to the age of 18. That figure covers the basics. Housing is the largest expense for families,..but child care and education costs have increased the most in recent years.
Overall, food prices are lower for most parents, but it's still the second largest expense for low-income families.
Low-income families will spend nearly $174,000 to raise a child, while wealthy families will shell out more than half a million dollars.