Whenever this amount is published, it's always the «lump sum» amount —
the total cost of raising a child up to the age of 17.
Adjusted for inflation that figure today would be $ 13,366 pushing
the total cost of raising a child past the quarter million mark — a $ 10,200 increase in four years.
Total cost of raising a child born in 2013 to the age of 18?
Not exact matches
The prevailing estimates criticized in the report, such as a 2011 MoneySense article claiming the
total cost of raising a typical 18 - year - old
child is $ 243,660, send a message to lower - income families that they shouldn't have kids, the report says.
But when we added up all
of the expenses we arrived at $ 243,660 as the
total cost of raising a typical
child to age 18 (in other words, until the day before his or her 19th birthday).
The court calculates
child support and alimony
totals based on the yearly income
of each party, how many
children they have,
cost of living and other factors involved in the
raising of children.
Middle - income families spend about 30 percent
of their
total child - rearing
costs on living quarters, making housing the single largest expenditure when it comes to
raising a
child, according to the USDA.