Raising a child costs upwards of $500K - FOX 10 News | myfoxphoenix.com

Raising a child costs upwards of $500K

Posted: Updated:
(Wikimedia) (Wikimedia)
CHICAGO (FOX 32 News) -

Not much compares to the joy of a newborn baby, but not much compares to how much that kid will cost, either.

The U.S. Department of Agriculture says a child born in 2012 will cost his or her parents anywhere from $217,000 to $500,000 by the time they're 18.

That number's gone up almost 25 percent since the first study, 50 years ago.

Some of the big reasons for the increase are more expensive housing, higher insurance costs, and an increased need for childcare.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices